As cyberattacks on digital assets intensify worldwide, Ledger, the Paris-based provider of crypto hardware wallets, is exploring a potential listing in New York. The surge in demand for secure storage devices is driven by increasing hacking threats targeting cryptocurrencies, prompting both individual investors and enterprises to bolster their defenses amid a record-breaking year of crypto thefts. This move reflects Ledger’s growing influence in the competitive blockchain security landscape and its ambitions to tap into the US financial hub.

Ledger is contemplating a U.S. listing amid a surge in demand for crypto security solutions due to rising cyber threats.
The firm’s revenues reached hundreds of millions in 2025, driven by record cyberattacks targeting digital assets.
Ledger reportedly manages approximately $100 billion worth of Bitcoin for its customers and is eyeing expansion in New York.
The company’s recent rollout of a multisignature wallet app faced mixed reactions over fee structures and centralization concerns.
Ledger remains a dominant player in the hardware wallet market, competing with brands like Trezor and Tangem.

Ledger Eyes U.S. Expansion to Address Growing Demand for Crypto Security

French crypto hardware wallet provider Ledger is considering a listing in New York, aiming to capitalize on increasing demand for secure asset storage amid a spike in cyberattacks. CEO Pascal Gauthier revealed that 2025 has been Ledger’s most successful year yet, with revenues soaring into the triple digits—primarily driven by the soaring need for safeguarding digital assets against increasingly sophisticated hacking efforts.

“We’re being hacked more and more every day. Attacks on bank accounts, crypto wallets — it’s a relentless trend. This situation isn’t improving anytime soon,” Gauthier explained.

The acceleration of these threats comes amid a record year for crypto thefts, with hackers exploiting vulnerabilities to steal a staggering $2.2 billion worth of digital assets in the first half of 2025, surpassing the total for all of 2024. Chainalysis reports that approximately 23% of these attacks targeted personal wallets, highlighting a critical security gap for individual investors.

Ledger’s prominence in the market is underscored by its claim to secure around $100 billion in Bitcoin (BTC) for users. The company anticipates seasonal peaks in demand during Black Friday and Christmas, potentially boosting revenues further. Plans are underway to raise additional funds next year, either through private investment or a U.S. public listing. Gauthier emphasized that New York is central to Ledger’s expansion, noting that “money is flowing into crypto in New York more than anywhere else,” unlike Europe, which remains comparatively dormant.

While competitors such as Trezor and Tangem also offer cold storage solutions, Ledger continues to dominate the segment, valued at $1.5 billion in 2023 backed by prominent venture firms. The company’s strategic moves aim to reinforce its leadership in the hardware wallet and crypto security sectors.

Controversy Over Ledger’s Multisignature Wallet Features

Recently, Ledger launched a new multisignature (multisig) wallet interface aimed at enhancing security for crypto assets. Although many users appreciated the technological advancements, some expressed concern over the new fee structure—introducing a flat $10 fee per transaction and a 0.05% fee on token transfers—sparking criticism within the crypto community.

Developers like pcaversaccio argued that these changes threaten Ledger’s reputation as a cypherpunk-oriented project, claiming that the app’s new revenue-driven model risks creating a centralized choke point that could undermine user sovereignty in an ecosystem built on decentralization.

As the hardware wallet provider navigates these growing pains, its leadership remains focused on strengthening security solutions amid rising threats and competitive pressures within the crypto markets.