Hardware Wallet Company Ledger Considers New York IPO

Ledger, a crypto hardware wallet maker, is considering an initial public offering (IPO) in New York or a private fundraising event in 2026. The company has a surge in demand for creating secure digital asset storage solutions, and according to Financial Times, the new IPO or fundraising will help with providing those solutions.

Pascal Gauthier, the CEO of Ledger, confirmed these plans and noted the need for increased presence in the U.S. financial hub. He said, “Money is in New York today for crypto; it’s nowhere else in the world, certainly not in Europe.” He also suggested that American investors are the key to Ledger’s next phase of growth.

This latest move by the company follows a record year of revenue. The company achieved triple-digit millions in sales. The company’s success comes during escalating concerns about crypto security breaches. Gauthier highlighted the increasing global need for security of custody tools and said, “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.”

Ledger is best known for creating hardware wallets such as Nano X and Nano S. The company manages approximately $100 billion of Bitcoin on behalf of its clients. The firm was last valued at $1.5 billion in a 2023 funding round, which attracted major supporters such as Singapore’s True Global Ventures and 10T Holdings.

The IPO in the U.S. could allow Ledger to become one of the few major crypto infrastructure companies to go public during a market recovery phase. It would also reflect the growing investor confidence in blockchain-based financial security.

If Ledger continues with the New York Listing, it would be a major milestone for the European crypto sector’s expansion to the American capital markets. Alternatively, a private funding round may allow the company to maintain independence while capitalizing on current investor interest in the cybersecurity-focused blockchain ventures.

Either path can help Ledger reach its goal of strengthening its global presence as a trusted leader in crypto asset protection.