Ledger's Growth Amid Rising Cybersecurity Threats and NY Listing Plans
Full Transcript
French crypto hardware wallet provider Ledger is considering a New York listing as surging cyberattacks drive record demand for its hardware devices, sending revenues soaring into the triple-digit millions in 2025.
According to the Financial Times, CEO Pascal Gauthier stated that the company is experiencing its best year yet, with both individuals and companies rushing to protect their digital assets from increasingly sophisticated hackers.
Gauthier emphasized that cyberattacks are becoming more frequent, warning that the trend is unlikely to improve in the coming years. The report highlights that hackers stole $2.2 billion worth of digital assets in the first half of 2025 alone, surpassing the total for all of 2024.
Approximately 23% of these attacks targeted individual wallets, as reported by Chainalysis. Gauthier noted that Ledger currently secures around $100 billion worth of Bitcoin for its customers and expects to benefit from seasonal spikes during Black Friday and Christmas.
The company is preparing to raise funds next year, either through a private round or a US listing, and is expanding its New York workforce, stating that money for crypto is primarily in New York today, unlike in Europe.
While competitors like Trezor and Tangem provide cold storage wallets, Ledger remains the most recognized name in the market. In 2023, Ledger was valued at $1.5 billion with backing from 10T Holdings and True Global Ventures.
Recently, Ledger launched a new multisignature app, which has sparked mixed reactions within the crypto community. While many users praised the update as a technical advancement, others criticized the new fee structure that includes a $10 flat fee per transaction and a 0.05% variable fee for token transfers.
Some developers have accused Ledger of straying from its Cypherpunk roots, claiming that the company is turning its app into a centralized revenue-extraction point. This narrative reflects the ongoing tension between security innovation and community expectations in the cryptocurrency space.