Ledger, a player in digital asset management, has reached a valuation of $1.5 billion following a $380 million Series C financing round led by 10T Holdings.
Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, Wicklow Capital, Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache and iAngels Technologies also participated in the round.
Ledger offers a secure gateway for investors seeking access to the world of digital assets. The company's products include the world's most popular hardware wallet for crypto-currency assets, a crypto-currency management platform and a digital asset security solution for financial institutions.
The company claims to have secured around 15% of all crypto-currency assets worldwide and to have sold over three million hardware wallets in 190 countries.
The new funding will be used to develop its hardware products, bring in new transactional services such as DeFi solutions, and significantly expand its enterprise capabilities. The company is also implementing its own proprietary operating system that runs on all Ledger products and services.
"This Series C announcement marks Ledger's transition from a leading digital asset security company to a secure gateway to the entire digital asset ecosystem. This industry is becoming mainstream and reshaping the entire financial sector and beyond," says Pascal Gauthier, CEO of Ledger.
