France-based crypto hardware wallet manufacturer Ledger has raised $110 million, reaching a valuation of $1.4 billion in its latest funding round.
According to a recent report by Bloomberg, Ledger has announced that trust in cryptocurrency exchanges and the banking system has been shaken. 110 million dollar investment taking company value of $1.4 billion took it off. The company in the future two more investment rounds will regulate and thereby to increase financing will aim.
FTX bankruptcy and subsequent leading Binance, coinbase And Kraken Pressures directed by regulatory agencies on cryptocurrency exchanges, such as cryptocurrencies, have recently pushed users to use hardware wallets. On the other hand, Ledger CEO Pascal GauthierAs stated by people now have great doubts about even trusting banks looks.
In an interview he gave in Paris, Gauthier explained the latest situation with the following words:
All of a sudden, people started saying “wow, it’s actually dangerous to leave crypto on an exchange.” On the other hand, 2023 will be more productive for us because it is no longer safe to keep your money even in a Swiss bank.
In the previous investment round Goldman Sachs And Morgan Creek Ledger, which managed to find financing from large companies such as True Global Ventures, Digital Finance Group And VaynerFund managed to find investment from leading companies such as