# Ledger Prepares for 2026 IPO as Crypto Security Demand Surges > Ledger is positioning itself for a potential public debut in 2026 following its strongest financial year to date. The Paris-based hardware wallet manufacturer reported triple-digit million-dollar revenues in 2025, marking its best performance since the company was founded in 2014. By Lidia Yadlos · November 10, 2025 Canonical: https://blockster.com/ledger-prepares-for-2026-ipo-as-crypto-security-demand-surges _**[Ledger](https://www.ledger.com/)**_ _is positioning itself for a potential public debut in 2026 following its strongest financial year to date. The Paris-based hardware wallet manufacturer reported triple-digit million-dollar revenues in 2025, marking its best performance since the company was founded in 2014._ The company now secures roughly **$100 billion in Bitcoin** on behalf of users across the globe. Ledger’s valuation reached **$1.5 billion** during a 2023 funding round led by 10T Holdings and True Global Ventures, and its recent financial growth has renewed investor interest in the firm’s long-term strategy. ## Evaluating a New York Listing CEO **Pascal Gauthier** confirmed that Ledger is actively assessing either a New York IPO or additional private funding in 2026. He noted that capital flows within the crypto sector have increasingly shifted toward the United States. > **“Today the money for the crypto sector is in New York, not elsewhere, certainly not in Europe,” CEO Pascal Gauthier said.** Ledger expects strong sales during the Black Friday and holiday season, historically one of its most important periods for hardware wallet demand. [Post from @coinbureau on X](https://twitter.com/coinbureau/status/1987422405606641919?s=20) ## Rising Theft Drives Self-Custody Adoption A surge in digital asset theft is contributing to greater interest in cold-storage devices. Chainalysis data shows that **$2.17 billion** in crypto was stolen in the first half of 2025 — already surpassing total theft volumes recorded in 2024. Illicit crypto activity reached **$40.9 billion in 2024**, including **$2.2 billion** lost to hacks, a 21% year-over-year increase. North Korea-linked groups Lazarus and Tradetraitor were responsible for more than 60% of major theft incidents, including the $300 million breach of Japan’s DMM Bitcoin exchange.   As a result, hardware wallet providers such as Ledger, Trezor, and Tangem are seeing heightened demand from both retail and institutional customers seeking stronger protection against cyberattacks. [Post from @Ledger on X](https://twitter.com/Ledger/status/1986886482376704034?s=20) ## Product Updates and Customer Feedback Alongside its financial preparations, **[Ledger](https://www.ledger.com/)** continues to expand its product suite. Recent updates include: - A new **iOS application for enterprise clients** - **Native support for the TRON blockchain** - An updated **multisig wallet feature**, which has received mixed feedback from developers regarding fee structures These additions reflect the company’s effort to broaden its ecosystem while maintaining a focus on security enhancements. ## Security Challenges Extend Beyond Cyber Threats The broader crypto security landscape has also faced real-world threats. In 2025, Ledger co-founder **David Balland** survived a kidnapping attempt in France, during which attackers demanded a €10 million cryptocurrency ransom. A separate incident occurred on May 13 involving the family of Paymium’s CEO, who narrowly avoided a similar kidnapping attempt in Paris.  [Post from @0xLouisT on X](https://twitter.com/0xLouisT/status/1882711063306666287?s=20) These cases underscore the rising physical risks associated with digital asset wealth and the increasing importance of secure custody solutions.