French hardware wallet maker Ledger is considering listing on the New York Stock Exchange as part of a capital raising drive next year.
The decision is driven by the ever-growing demand for secure cryptocurrency storage devices.
Cryptocurrency is now in New York, nowhere else in the world, and certainly not in Europe, said CEO Pascal Gauthier.
Ledger's revenue has already reached triple-digit millions in 2025, and this figure will continue to grow as cryptocurrency adoption increases.
Increasing investor interest in cryptocurrency security is fueled by the rise in digital asset thefts. According to Chainalysis, criminals stole $2.17 billion worth of cryptocurrency in the first half of 2025 alone, exceeding the total amount stolen in all of 2024.
Furthermore, this year, Ledger co-founder David Balland was kidnapped in France, and the attackers demanded a ransom of €10 million in cryptocurrency.
As cybercrime rises, retail and institutional investors are turning to cold storage wallets like Ledger, Trezor, and Tangem.
For this reason, Ledger is expanding its product line by launching an iOS app for enterprise users and adding support for the TRON blockchain.
However, the wallet's new multi-signature feature has generated mixed reactions from developers and loyal customers due to transaction fees.