Share this article
Ledger Eyes New York IPO or Fund Raise: Report
Ledger secures about $100 billion worth of bitcoin for its customers.
Nov 10, 2025, 5:48 a.m.
Make us preferred on Google
What to know:
- Ledger, a French company known for cryptocurrency hardware wallets, is considering an IPO in New York or a private financing round next year, according to Financial Times.
- CEO Pascal Gauthier emphasized New York's importance for crypto financing, citing increased hacking incidents as a driver for secure custody solutions.
Crypto hardware wallet company Ledger is reportedly planning to go public with an initial public offering (IPO) in New York or, alternatively, raise funds through a private financing round next year, according to the Financial Times.
Ledger’s CEO, Pascal Gauthier, disclosed this information to the Financial Times, adding that he is spending more time in New York because “money is in New York today for crypto; it’s nowhere else in the world, certainly not in Europe.”
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The fundraising plans follow record revenues of triple-digit millions this year, driven by surging demand for secure custody solutions amid a sharp rise in crypto thefts.
“We’re being hacked more and more every day . . . hacking of your bank accounts, of your crypto, and it’s not going to get better next year and the year after that, Gauthier told FT.
Ledger currently manages clients' bitcoin worth approximately $100 billion and was last valued at $1.5 billion in 2023 during a funding round that included names like 10T Holdings and Singapore's True Global Ventures.
The company currently manages custody of approximately $100 billion worth of bitcoin for its clients and was last valued at $1.5 billion in 2023, following a funding round that included investors such as 10T Holdings and Singapore’s True Global Ventures.
More For You
Bithumb admits to ‘serious flaws’ that left internal systems vulnerable to potential sabotage
The South Korean crypto exchange’s CEO Le Jae-won said the lack of proper controls led to the erroneous transfer of bitcoin worth more than $40 billion to customers. Most has been recovered.
What to know:
- Bithumb admitted that serious internal system flaws led it to mistakenly transfer about $40 billion in bitcoin to customers instead of a planned payout of roughly $428.
- The error briefly caused bitcoin prices on Bithumb to plunge 17 percent, prompted a probe by South Korea's Financial Supervisory Service and exposed gaps in the exchange's asset-matching and account-segregation controls.
- While Bithumb has recovered most of the coins, 1,786 bitcoins sold before accounts were frozen remain missing, intensifying lawmakers' concerns about weak oversight in one of the world's busiest crypto markets.
Top Stories
