Ledger eyes NY listing as revenue hits triple-digit millions amid surge in hacks: FT

French crypto hardware wallet supplier Ledger is considering a New York listing arsenic surging cyberattacks thrust grounds request for its hardware devices, sending revenues soaring into the triple-digit millions successful 2025.

CEO Pascal Gauthier precocious told the Financial Times that the company, founded successful Paris successful 2014, is seeing its champion twelvemonth yet arsenic some individuals and companies unreserved to support their integer assets from progressively blase hackers.

“We’re being hacked much and much each day ... hacking of your slope accounts, of your crypto, and it’s not going to get amended adjacent twelvemonth and the twelvemonth aft that,” helium said.

The roar comes amid a grounds twelvemonth for crypto-related thefts. Hackers stole $2.2 cardinal worthy of integer assets successful the archetypal fractional of 2025, surpassing the full for each of 2024. About 23% of these attacks targeted idiosyncratic wallets, the FT reported, citing Chainalysis.

Related: Ledger and Trezor 2025 hardware wallets released: What’s caller for users?

Ledger secures $100 cardinal successful Bitcoin

Gauthier said Ledger secures astir $100 cardinal worthy of Bitcoin (BTC) for customers, and mightiness further payment from seasonal spikes during Black Friday and Christmas.

He added that the institution is preparing to rise funds adjacent year, either done a backstage circular oregon a US listing. He added that Ledger is expanding its New York headcount, noting that “money is successful New York contiguous for crypto, it’s obscurity other successful the world, it’s surely not successful Europe.”

Competitors specified arsenic Trezor and Tangem besides connection “cold storage” wallets, but Ledger remains the astir salient sanction successful the market. The institution was past valued astatine $1.5 cardinal successful 2023, backed by 10T Holdings and True Global Ventures.

Related: The existent arms contention successful Asia is artifact space, not TPS

Ledger’s caller multisig app sparks backlash

Last month, Ledger launched a caller multisignature (multisig) interface, drafting mixed reactions from users. While galore praised the upgrade arsenic a coagulated method measurement forward, the caller interest structure, including a $10 level interest per transaction and a 0.05% adaptable interest for token transfers, triggered disapproval from parts of the crypto community.

Developers similar pcaversaccio accused the institution of straying from its Cypherpunk roots, claiming Ledger is turning its app into a centralized “choke point” to extract gross from users.

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