Crypto: Ledger targets the New York Stock Exchange as its revenues explode

Faced with a historic wave of cyberattacks that is shaking the crypto ecosystem, a French company is capturing global attention. Ledger, a pioneer of physical wallets, is experiencing meteoric growth as individuals and institutions seek safe havens. Driven by this explosive demand, the company is now considering an IPO in New York, a strategic decision, in what its CEO describes as the new epicenter of crypto capital.

Income boosted by insecurity

In a context of an alarming increase in computer attacks targeting crypto holders, Ledger is experiencing an unprecedented acceleration in its activity, especially after the launch of its crypto card in the USA.

Its CEO, Pascal Gauthier, confirmed this in a statement, saying that 2025 is “ the best year » since the creation of the company in 2014. He specifies that the annual turnover has reached hundreds of millions of dollars, without giving an exact amount.

The reason is the explosion in demand for cold storage solutions, seen as a reliable bulwark against cyber threats. “We are attacked more and more every day… whether it's your bank accounts or your cryptos, the trend is not going to be reversed next year, nor the year after”, he declaredhighlighting the growing urgency felt by users.

The security context justifies this rush towards physical wallets. Here is key data which shed light on this dynamic:

• $2.2 billion was stolen from the crypto sector in the first half of the year, more than in all of 2024;

• 23% of the attacks recorded specifically targeted individual wallets, reinforcing the relevance of hardware devices like those offered by Ledger;

• To date, Ledger has secured approximately $100 billion in bitcoin, demonstrating its status as a global benchmark in crypto protection.

Faced with a constantly evolving threat, Ledger has established itself as a strategic player in securing crypto assets, attracting both individuals and institutions looking for reliable solutions. The climate of fear generated by these attacks acts as a catalyst for growth for the French company.

Heading for Wall Street: offensive strategy and internal controversies

Beyond organic growth, Pascal Gauthier has unveiled a major strategic shift: Ledger is preparing a fundraising for 2026, which could take the form of an IPO in New York.

This choice, far from being trivial, reflects an assumed repositioning. “The money is in New York today for crypto, it is nowhere else in the world, and certainly not in Europe“, he said bluntly.

The company is also strengthening its workforce on site, thus consolidating its presence in a market perceived as more mature and responsive to financial issues. This strategy is a continuation of a valuation estimated at $1.5 billion in 2023, supported in particular by 10 T Holdings and True Global Ventures.

However, this economic dynamism is not unanimous. The recent launch of a new multisignature (multisig) interface has sparked criticism within the community. The introduction of a pricing model considered aggressive, $10 per transaction and 0.05% variable fees on token transfers, was seen as a break with the company's original ethics.

Influential developers like pcaversaccio have accused Ledger of turning into a point of centralization, calling the new app a“choke point”used to maximize revenue at the expense of Cypherpunks principles.

In this context, the future of Ledger is written between two lines of force: technological credibility reinforced by demand and the need to generate sustainable income, against a crypto community vigilant in the face of any centralizing drift. If the IPO in New York is confirmed, it could represent as much a financial consecration as a test of support for a demanding public. Ledger will have to convince that it can grow without denying the ideals of decentralized trust which founded its success.