Ledger, the French hardware wallet wizard founded in the City of Light back in 2014, is eyeing a bold move onto the New York stage.
Why? Because 2025 is turning out to be their golden year, revenues blasting into triple digits thanks to a skyrocketing wave of crypto heists.
Think hackers carving up the crypto world like it’s an open buffet, and everyone, individuals and companies alike, scrambling to stash their digital fortunes in cold, cold storage.
$2.2 billion in digital loot
CEO Pascal Gauthier pulled no punches in a recent Financial Times interview , warning us that the hacking frenzy is escalating daily.
“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,” he said, sounding more like a cyber oracle than a corporate head.
The figures don’t lie, hackers snatched $2.2 billion in digital loot in just the first half of 2025, blitzing past the whole of 2024’s haul.
About 23% of these raids hit individual wallets, a chilling nugget reported by the FT via Chainalysis data.
New York is the new crypto playground
Ledger’s fortress now guards roughly $100 billion worth of Bitcoin for its customers, and revenue spikes during Black Friday and holiday shopping seasons could pump that number higher.
Gauthier dropped a hint about future fundraising, could be private or a glam US listing, the latter fueled by the notion that “money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe.” New York’s the new crypto playground, evidently.
While competitors like Trezor and Tangem toss their hats in the cold storage ring, Ledger still reigns supreme, boasting a valuation of $1.5 billion from 2023’s backers 10T Holdings and True Global Ventures.
The roots of decentralization
All that sparkle lately hasn’t come without some grumbles. Ledger’s new multisignature app rolled out last month, introducing a fee structure that sent a few crypto purists into fits.
The $10 flat fee plus 0.05% variable charge for token transfers drew heat from users who felt Ledger was peeling off its Cypherpunk cloak for a more corporate look.
Developer pcaversaccio was among those labeling the move as turning Ledger’s app into a centralized profit “choke point,” a sharp jab at the roots of decentralized ideals.
No doubt, Ledger’s journey in 2025 reads like a thriller, rampant hacks fueling demand, eyeballs on Wall Street, mega-assets guarded, and a dash of community drama in the mix.
Whether its New York debut turns out to be a blockbuster or a slow burn, one thing’s certain, the battle for crypto security keeps heating up.
Ledger’s story has always been about trust — digital, fragile, and hard-earned.
The irony? The more hackers steal, the stronger Ledger becomes. It’s a brutal feedback loop, but one that proves how central security has become in the crypto revolution.
If Ledger really takes the leap to New York, it won’t just be chasing investors — it’ll be chasing legitimacy on Wall Street’s turf.
The real test will be whether they can scale without losing their decentralized soul. Because as much as people love safety, crypto was never meant to be tamed.
The next chapter might just decide if Ledger remains the people’s vault — or becomes another financial giant with a blockchain twist.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
