Ledger Plans NY Listing as Revenue Reaches Hundreds of Millions Due to Increase in Hacks: FT

Ledger's Growth and Market Position: French crypto hardware wallet provider Ledger is experiencing record demand for its devices due to increasing cyberattacks, with revenues projected to reach triple-digit millions in 2025. The company is considering a New York listing and expanding its workforce there, as it secures approximately $100 billion in Bitcoin for customers.

Cybersecurity Concerns: The rise in demand for Ledger's products coincides with a surge in crypto-related thefts, with hackers stealing $2.2 billion in digital assets in the first half of 2025 alone, highlighting the urgent need for secure storage solutions among individuals and companies.

New Product Launch and Community Reaction: Ledger recently launched a new multisignature interface, which received mixed reviews from users. While some praised the technical improvements, others criticized the new fee structure, claiming it undermines the company's original decentralized ethos.

Future Funding Plans: CEO Pascal Gauthier indicated that Ledger is preparing to raise funds in the coming year, either through a private round or a public listing in the U.S., as the company aims to capitalize on the growing crypto market and its increasing user base.