Catenaa, Friday, November 14, 2025-Hardware wallet maker Ledger is preparing to raise additional capital, potentially through a New York IPO or private funding round, following a record year of financial performance, according to a Financial Times report.
The Paris-based company has been expanding its presence in New York, seeking access to the city’s crypto investment ecosystem.
Ledger CEO Pascal Gauthier said the firm’s revenues have reached triple-digit millions in 2025, ahead of its peak sales season during Black Friday and the holiday period.
The company secures roughly $100 billion worth of bitcoin for its clients and was valued at $1.5 billion in 2023 after previous funding from investors including 10T Holdings and True Global Ventures.
Ledger recently launched an iOS app for enterprise customers and added native TRON support, although its multisig wallet feature received mixed feedback from users and developers.
The firm competes with hardware wallet makers Trezor and Tangem amid growing concerns over crypto security. Chainalysis reported that criminals stole $2.17 billion in cryptocurrency in the first half of 2025, exceeding the total for 2024.
Security threats against crypto holders have also risen. Ledger co-founder David Balland was kidnapped in January, with criminals demanding a 10 million euro ransom and severing one of his fingers.
A French-Moroccan suspect linked to multiple high-profile crypto kidnappings was arrested in Morocco in connection with the attacks.
Ledger’s fundraising plans reflect rising global demand for secure crypto storage and the company’s efforts to strengthen its position in a competitive market.
