Ledger Considers New York IPO or Private Fundraising
Crypto wallet firm Ledger explores public listing or capital raise following strong growth
Ledger, the crypto hardware wallet provider managing roughly $100 billion in bitcoin for its clients, is reportedly planning either a New York IPO or a private funding round next year, according to the Financial Times.
CEO Pascal Gauthier said he is spending more time in New York, noting that “money is in New York today for crypto; it’s nowhere else in the world, certainly not in Europe.”
The potential fundraising comes after a record year of triple-digit million revenues, driven by soaring demand for secure crypto custody amid increasing thefts. “We’re being hacked more and more every day—your bank accounts, your crypto—and it’s not going to get better next year or the year after,” Gauthier said.
Ledger was last valued at $1.5 billion in 2023, during a funding round that included investors like 10T Holdings and Singapore’s True Global Ventures. The company continues to manage $100 billion in bitcoin for its customers.
