Cryptocurrency hardware wallet maker Ledger is creating a new division within Ledger Vault – Ledger Enterprise Solutions, to work with institutional investors.
Based on Ledger Vault’s custodian solution, Ledger said the unit will, among other things, be a consulting and corporate customer service unit. The division already employs 50 people, and the company plans to hire 10 more employees during 2021.
“Ledger Enterprise Solutions represents our company’s investment in the future of large-scale financial adoption of cryptocurrencies and other digital assets by corporations,” said Jean-Michel Pailhon, vice president of business solutions for Ledger. “Our mission is to transform the digital asset industry into a multi-trillion dollar industry.”
Ledger’s clients include Komainu, Crypto.com, UpHold, Bank Frick, BitStamp, Nexo and others. EXMO recently announced that it will connect the Ledger Vault custody solution to enhance the security of user assets.
The popularity of digital asset storage services is growing. PayPal recently confirmed the purchase of custodian startup Curv, and custodian service Anchorage was licensed to operate in the United States. The main factor behind the growth in popularity was the increased interest in cryptoassets from institutional investors. In this regard, more and more traditional financial institutions are considering the possibility of launching cryptocurrency services.
In February, it became known that New York-based bank BNY Mellon is opening a digital assets division and will develop a platform for managing cryptoassets. Additionally, in December, Standard Chartered said it would launch Zodia’s custodian service in 2021.
Telegram channel!
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
