Ledger Taps $1.4 Billion Valuation After Raising $109 Million
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Despite regulatory uncertainty, Ledger wants to grow
Ledger continues to thrive despite regulatory uncertainty in the digital asset industry, expanding to the point where it now protects all global cryptocurrencies. Ledger's Chairman and CEO, Pascal Gauthier thanked the investors who have helped the company grow and welcomed new investors who will assist the company in leading the "undeniable revolution of value and hardware."
Gauthier claims that the company will be able to distribute its devices to hundreds of millions of people in the crypto ecosystem more quickly with the funds raised. These assets will catalyse another age of gadgets worked in view of well-being while overseeing computerised resources and different items utilising blockchain innovation.
According to Gauthier, Ledger remains a "safe haven for customers" despite the various challenges facing the digital asset industry, particularly during periods of volatility and regulatory confusion, as evidenced by the surge in demand for hardware wallet devices.
Innovation is key to leadership
Ledger is committed to ongoing innovation and preserving its position in the market. In an explanation, Gauthier emphasised the necessity of secure hardware devices that mobile phones cannot replace because of their security-focused characteristics.
Ledger's primary focus right now is on software enhancements that improve the user experience and make it possible to incorporate new cryptocurrencies, blockchains, services, and other tools to transform Web3.