Ledger Eyes NY Listing as Crypto Hacks Drive Record Revenue

The dramatic surge in cryptocurrency thefts and sophisticated cyberattacks has created what CEO Pascal Gauthier describes as Ledger’s “best year yet” since the company’s founding in Paris in 2014. With revenues projected to hit triple-digit millions in USD for 2025, the hardware wallet manufacturer is experiencing unprecedented demand for its cold storage solutions. The growing frequency and sophistication of attacks targeting both traditional bank accounts and cryptocurrency holdings have created a perfect storm of market conditions that directly benefit security-focused companies like Ledger.

Gauthier’s recent comments to the Financial Times highlight the direct correlation between the worsening cybersecurity landscape and Ledger’s financial performance. “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,” the CEO stated, emphasizing the persistent nature of the security threats driving demand for hardware wallets. This environment has positioned Ledger’s products as essential tools for anyone holding significant digital assets, including major cryptocurrencies like BTC and ETH.

Founded in France in 2014, Ledger has evolved from a Paris-based startup into a global leader in cryptocurrency security solutions. The company’s journey reflects the broader maturation of the crypto industry, transitioning from niche technology to mainstream financial infrastructure requiring enterprise-grade security. Ledger’s hardware wallets, which store users’ private keys in secure offline environments, have become the gold standard for protecting digital assets against online threats.

The company’s projected triple-digit million revenue milestone for 2025 represents a significant achievement in the competitive crypto security landscape. This growth trajectory underscores how security concerns have moved from the periphery to the center of cryptocurrency adoption discussions. As both individual investors and institutional players increasingly recognize the importance of securing their digital assets, Ledger’s cold storage technology has become an indispensable component of the crypto ecosystem.

According to Gauthier’s assessment, the security challenges facing cryptocurrency holders are unlikely to diminish in the coming years. This outlook suggests sustained demand for cold storage solutions as hackers continue to develop more sophisticated methods for targeting digital assets. The ongoing arms race between security providers and cybercriminals ensures that companies like Ledger will remain critical to the ecosystem’s health and growth.

The convergence of traditional financial security concerns with cryptocurrency protection needs represents a significant market expansion opportunity. As Gauthier noted, the hacking epidemic affects both conventional bank accounts and crypto holdings, creating a broader addressable market for security solutions. This trend positions Ledger and similar companies at the intersection of traditional finance and emerging digital asset markets, with the potential for continued growth as digital ownership becomes increasingly central to global economic activity.