Ledger raises $380m to grow digital asset services

Ledger, the crypto hardware wallet developer, has announced $380 million in funding.

The French company, which was founded in 2014, said that the funding will help make digital assets more secure and accessible to everyone.

The fundraising means Ledger now has an implied valuation of over $1.5 billion.

The business has a number of hardware wallet devices, including the Ledger-Live platform, which enables users to trade, swap, and lend cryptocurrency.

Ledger said that the money will help the business extend its cryptocurrency security and services, further innovate its hardware products, add new transaction services like decentralised finance solutions, and expand its enterprise capabilities.

In addition, the FinTech will use its new funding to invest in its proprietary operating system which runs across all of Ledger’s products and services, so that it can support the integration of new third-party services.

“This Series C announcement marks the transition of Ledger from the leading digital asset security company to becoming the secure gateway to the entire digital asset ecosystem,” said Pascal Gauthier, Ledger’s chief executive. “This industry is fast becoming mainstream and reshaping the entire financial sector and beyond.Our products are designed to give users maximum control over their digital assets and provide unparalleled protection against cyber-attacks."

Gauthier added: “We are well-positioned to become the secure gateway to the digital asset world with the potential to integrate our services into nearly every feature of the digital asset ecosystem.”

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