In 2025, a fresh wave of digital asset firms hit the public markets, with Circle, Bullish, Etoro, Galaxy Digital, Figure Technologies, and Fold leading the charge. They now stand alongside earlier entrants like Strategy, Coinbase, and Canaan, expanding crypto’s growing club of publicly traded players.

Each brings a distinct flavor to the mix — from mining rig production and crypto exchanges to stablecoins and digital asset treasury (DAT) management — showcasing just how diverse the crypto industry’s public roster has become. Now it looks like investors might soon get a bite of the hardware wallet pie.

Speaking with the Financial Times (FT), Ledger CEO Pascal Gauthier revealed that wallet sales just hit their “best year yet” since the company’s inception. Founded in Paris in 2014 by eight specialists, the company rolled out the Ledger Nano S first, followed by its successor, the Nano X. Since then, it has released several other models. After detailing that sales were seeing a boom, the FT report notes that Ledger will “fundraise probably next year.”

The Paris company’s boss hinted at two possible moves — a New York listing or a private fundraising round. He praised New York as a solid hub for crypto, quipping that it’s “certainly not in Europe.” Ledger isn’t swimming alone in the hardware wallet seas — it’s up against rivals like Trezor, Coinkite, and a school of other crypto wallet makers.

Still, Ledger’s next move could bring hardware wallets straight to Wall Street. Something that hasn’t happened in the crypto world yet.

• What is Ledger planning for the future? Ledger may pursue an IPO in New York or raise funds privately following record-breaking wallet sales.
• Why is New York mentioned in Ledger’s plans? CEO Pascal Gauthier said New York is the prime crypto hub for expansion and potential listing.
• Who are Ledger’s main competitors? Trezor, Coinkite, and other crypto hardware wallet makers compete in the same sector.
• Why does Ledger’s IPO matter globally? A public listing would mark the first hardware wallet firm joining the expanding ranks of crypto companies on Wall Street.

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