French crypto hardware wallet maker Ledger is weighing a potential New York listing as a surge in cyberattacks drives record demand for its devices, pushing revenues into the hundreds of millions in 2025.
CEO Pascal Gauthier told the Financial Times that the Paris-founded company is seeing its strongest year yet as both individuals and institutions rush to protect digital assets from hackers.
“We’re being hacked more and more every day — your bank accounts, your crypto — and it’s not going to get better next year or the year after,” Gauthier said.
The boom coincides with a record year for crypto thefts. Hackers stole 2.2 billion dollars in digital assets in the first half of 2025, already surpassing 2024’s total.
About 23 percent of attacks targeted individual wallets, the Financial Times reported, citing Chainalysis.
Ledger secures around 100 billion dollars in Bitcoin for clients and expects further sales spikes during Black Friday and Christmas.
Gauthier said the company aims to raise funds next year, possibly through a US listing, and is expanding in New York, where “the money is for crypto today.”
While competitors like Trezor and Tangem also sell “cold storage” wallets, Ledger remains the dominant player.
