Ledger, the hardware wallet manufacturer, is exploring options to raise capital, potentially through an IPO in New York or a private funding round. CEO Pascal Gauthier highlighted that New York is currently the primary hub for crypto investment, especially as Ledger reports its strongest financial performance yet, with revenues reaching triple-digit millions in 2025. This upswing is expected to continue as the holiday sales season approaches. The company secures around $100 billion in bitcoin for customers and was valued at $1.5 billion in 2023. Recent product developments include an iOS app for enterprise users and added support for TRON, despite mixed feedback on its multisig wallet feature. Ledger faces stiff competition from other hardware wallet brands like Trezor and Tangem. The demand for secure crypto storage is rising, particularly amid a surge in security breaches, with criminals stealing over $2 billion in the first half of 2025 alone. Concerns extend beyond digital theft; physical assaults targeting crypto holders, known as “wrench attacks,” are increasing. Notably, Ledger co-founder David Balland was kidnapped in January and held for a €10 million ransom. A suspect in this crime was arrested in Morocco, underscoring the dangers tied to crypto wealth.