Ledger plans 2026 fundraise, weighs New York listing

Ledger plans to raise capital in 2026 and is evaluating a New York listing or a private round, as demand for its hardware wallets picks up. The Paris-based company reports revenue in the triple-digit millions this year and says sales are accelerating ahead of the Black Friday and holiday period.

Chief executive Pascal Gauthier has been increasing time in the United States while the company expands headcount in New York. In his words: 

Me spending more time in New York is with the understanding that money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe.

Ledger estimates it safeguards about $100 billion worth in crypto assets for customers. The company was valued at $1.5 billion in 2023 after funding from 10T Holdings and True Global Ventures.

Ledger has recently released an iOS app for enterprise clients and added native support for the TRON network. A new multisignature wallet feature drew mixed reviews from developers and long-time users. The company competes with Trezor in the Czech Republic and Tangem in Switzerland, which sell similar offline devices that cold storage of cryptocurrencies.

Security concerns are driving more investors to hardware wallets. Data for the first half of 2025 points to roughly $2.2 billion in crypto stolen, including a $1.5 billion theft from the Bybit exchange in February that investigators linked to North Korean hackers. 

About 23% of incidents targeted individual wallets. Ari Redbord, global head of policy at TRM Labs, called it “a record-setting year in unlawful crypto activity.”

Physical threats have risen alongside online theft. Earlier this year a Ledger co-founder and his spouse were kidnapped in France by criminals seeking a cryptocurrency ransom; authorities later made arrests in Tangier, Morocco, and traced and froze the funds.

As GNCrypto covered previously, Ledger’s CTO Charles Guillemet warned that a hacker took over a well-known developer’s NPM account and seeded malware into the widely used JavaScript package error-ex.