Samsung reportedly invests $2.9mn in cryptocurrency hardware startup Ledger

By Laura Mullan
Samsung has reportedly invested €2.6mn ($2.9 million) in hardware cryptocurrency wallet manufacturer Ledger, according toFrench business magazine Capi...

Samsung has reportedly invested €2.6mn ($2.9 million) in hardware cryptocurrency wallet manufacturer Ledger, according to French business magazine Capital.

The multi-million dollar investment comes shortly after Samsung Ventures led a $4mn round in ZenGo, a startup which develops keyless crypto wallets.

Ledger’s most well-known product is the Ledger Nano S, a tool which looks like a USB key and which allows cryptocurrency investors to secure cryptocurrency in a cheap, easy way. 

SEE ALSO:

The latest investment follows the appointment of Pascal Gauthier as Ledger’s new CEO.

Former CEO and co-founder, Éric Larchevêque, will now serve as Executive Chairman of the Board.

“In this role I’ll be able to properly focus on strategy and vision, while also overseeing regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership,” Larchevêque wrote in an online letter.

“I’ll continue to interact with the crypto and consumer communities, and help Ledger to fulfill its mission of securing all types of critical digital assets.
 

Share

Featured Articles

The State of AI: Remaining Competitive in a Fast-Paced World

With insights from Sreekar Krishna, Head of AI at KPMG, we explore the importance of AI upskilling and how businesses can best benefit from the technology

MWC24: Mimik Hybrid Edge Cloud Drives Cognitive Internet Era

Siavash Alamouti, mimik Co-founder & Executive Chairman, explains how its hybrid edge cloud platform enables the transition to the Cognitive Internet Era

Dell Technologies: Powering Reliable Global Connectivity

Dell Technologies is announcing new solutions to help communications and service providers (CSPs), so that their systems are faster and more flexible

MWC Barcelona 2024: Unveiling the Future of Technology

Digital Transformation

Google Gemma: An AI Model Small Enough to Run on a Laptop

AI & Machine Learning

Why Tech Leaders Should Attend Sustainability LIVE: Net Zero

Digital Transformation