Ledger to Launch Custodial Service for Big Players

Legacy Trust, partner of Ledger, will use the Ledger Vault in order to launch this solution
29 March 2019   248

Hardware wallets manufacturer Ledger has partnered with Legacy Trust in Hong Kong to launch an institutional-level cryptocustodial solution.

The Legacy Trust will use the Ledger Vault solution, which allows you to manage multi-signature wallets, as well as securely and efficiently store digital assets, including bitcoin and ERC-20 tokens.

According to Legacy Trust head, since the beginning of this year, the Legacy Trust has received five requests for storage of ERC20 tokens a week.

About the development of an institutional solution Ledger Vault became known in January last year. At the same time, the French manufacturer raised $ 75 million in investments during the round of financing for the Series B.

Ledger May Lay Off 10% Staff

Currently, the total staff of the company is 200 people, so 20 people can lose their jobs
12 April 2019   298

Ledger hardware cryptocurrency wallets manufacturer is considering reducing 20 employees. It is reported by CCN with reference to the French edition of Presse Citron.

Currently, the total staff of the company is 200 people. Thus, the state can be reduced by 10%.

In 2017 Ledger’s monthly income from sales was about 10 million euros. The company’s website states that over 1.4 million Nano S devices have been sold so far, which makes Ledger the world leader in its market niche. The price of hardware wallets, depending on the model, is in the range of $ 60-270.

However, despite some deterioration in financial position, Ledger does not stop there, creating new products and services. So, in March, the company announced the launch of the Ledger Vault custodial service, which allows you to manage multi-signature wallets, as well as securely and efficiently store digital assets, including ERC-20 bitcoin and tokens.

In January, the French company introduced the Ledger Nano X - an improved version of the Ledger Nano S, with an enlarged screen, more storage space and Bluetooth support.