Ledger expands its hardware wallet to New York

Hardware wallet maker Ledger said it is expanding to New York as part of the development of the institutional custody offer Ledger Vault

Ledger previously launched access to Ledger Vault and ratified former Intercontinental Exchange (ICE) executive Demetrios Skalkotos to lead the operations of the project’s global business unit.

The tendency of companies to provide services to institutional investors continues to rise and, therefore, Ledger joins the operators that do not belong to the cryptographic space to prepare the ground for what seems to be the growing demand of corporate clients.

Ledger Vault is a form of custody solution that allows multiple members of a corporate entity to access the same cold storage wallet.

In July, Ledger said it had sold more than one million physical wallets in 2017 and said it planned to attract technology giants such as Samsung and the Google GV risk arm for future financing.

Recently, the Square payment network took the step of releasing the code from its own cold storage tool, while the hardware manufacturer claimed that counterfeiters are already targeting the industry with an influx of counterfeit wallets almost one by one.


Source: Cointelegraph

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