Crypto Hardware Wallet Maker Ledger Raises $100M Amid Growing Demand for Secure Storage Solutions 

The cryptocurrency hardware wallet shaper Ledger has raised €100 cardinal ($109 million) successful funding, according to the company’s disclosure connected Thursday. Ledger CEO Pascal Gauthier says determination has been important request for hardware wallets. He added, “2023 is adjacent amended for america due to the fact that present you can’t adjacent permission wealth astatine a Swiss bank.”

Ledger to Expand Distribution, Production, and Research and Development With New Funding Injection

According to a Thursday report by Bloomberg, Ledger, the cryptocurrency hardware wallet maker, has revealed it raised €100 cardinal ($109 million) from investors. The superior rise comes astatine a clip erstwhile crypto companies person been going insolvent and laying disconnected important portions of their workers. Ledger CEO Pascal Gauthier told Bloomberg’s Anna Irrera that the institution volition leverage the currency injection to grow distribution, production, and probe and development.

Gauthier noted that successful 2022, radical became precise alert that leaving wealth connected centralized crypto platforms tin beryllium risky. The CEO besides stressed that successful the accepted concern world, radical are having a hard clip trusting fiscal institutions owed to the caller slope collapses. “Suddenly radical were similar ‘wow, to permission crypto connected an speech is really dangerous,'” Gauthier told Irrera. “And 2023 is adjacent amended for america due to the fact that present you can’t adjacent permission wealth astatine a Swiss bank.”

Ledger’s financing follows the company’s announcement of a caller crypto hardware wallet called the Ledger Stax, which was designed by iPod creator Tony Fadell. The quality besides follows the motorboat of 1inch’s caller hardware wallet and Coinkite’s higher-end Coldcard device. Furthermore, the hardware wallet rival Trezor revealed past period that it was taking power of its spot production.

The study connected Thursday notes that Ledger’s main acquisition serviceman Ian Rogers said the net has changed however radical comprehend value. “The net was this gyration of information, and present it’s fixed commencement to this gyration of value,” Rogers said successful a statement. “From the speculation, to NFTs, to integer collectibles, integer tickets, integer memberships and yet integer identity.”

What are your thoughts connected the aboriginal of hardware wallets successful the cryptocurrency industry, and however bash you deliberation they volition proceed to germinate to conscionable the needs of crypto investors and traders? Share your opinions successful the comments conception below.

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