Ledger is making ready for a serious strategic shift as curiosity in safe digital asset storage reaches a brand new peak.
Abstract
- {Hardware} pockets demand is climbing as crypto hacks enhance.
- Ledger is contemplating a New York IPO or fundraising in 2026.
- Current product updates sparked debate over charges and course.
Ledger is making ready for its subsequent section of growth as curiosity in safe storage rises throughout the crypto market.
In keeping with a Nov. 9 report by The Monetary Instances, the corporate is exploring a potential public itemizing in New York after reporting its strongest yr since launch, pushed by rising issues round asset safety.
Demand accelerates as thefts rise
Ledger, which was based in Paris in 2014, has witnessed a major enhance in {hardware} pockets gross sales in 2025. He identified that the elevated frequency of assaults on private wallets and trade platforms is forcing customers to retailer their information offline.
Chainalysis information helps this development, with crypto thefts reaching $2.2 billion within the first half of the yr, already exceeding 2024 ranges. A big share of those incidents focused on a regular basis customers quite than giant platforms, reinforcing the case for safe custody options. Ledger now secures an estimated $100 billion price of Bitcoin (BTC) for its clients.
The agency expects extra demand through the vacation interval and into 2026, when it plans to both pursue an preliminary public providing or a personal funding spherical. The technique consists of rising its presence in New York, the place Gauthier says institutional capital and crypto infrastructure have concentrated.
Progress brings new pressures
With a 2023 valuation of $1.5 billion, Ledger continues to dominate the chilly storage market, surpassing its rivals, together with Trezor and Tangem. The enterprise is at present resolving inside disagreements concerning the course of its merchandise.
Some long-time customers have criticised the corporate for introducing new transaction charges in a latest replace to its multisignature interface, arguing that it’s shifting away from the decentralization-first rules.
Others argue that the modifications are a smart step in direction of service reliability, sustainability, and institutional-grade assist. The dialogue highlights the stress between the early ideological tradition of cryptocurrencies and the calls for of rising a multinational safety agency.
The subsequent section for Ledger will depend on its potential to regulate to a market that’s being formed by each rising danger and adoption whereas placing a stability between progress and consumer belief.
