Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, announced today that it’s expanding its operation to Hong Kong.
Benjamin Soong, formerly of S&P Global Market Intelligence and Deloitte, is the newly appointed head of Ledger’s Asia Pacific region and will be tasked with meeting the rising demand for Ledger Nano S, its trademark crypto wallet, and Ledger Vault, its crypto self-custody management solution.
According to Soong,
“It is a very exciting time to join Ledger, as the company continues to rapidly expand across the globe. I have seen firsthand how mobile, digital and crypto have taken off across Asia, and the opening of this office will help meet the increased demand for our products and services. We expect to grow quickly, and have already targeted future office expansion, including Tokyo, Seoul and Singapore.”
The Ledger Vault is a multi-authorization cryptocurrency wallet management solution tailored for institutions to safeguard their crypto holdings. It integrates the company’s operating system, BOLOS, directly into the security chip which, according to Ledger, makes it the only crypto-asset protection company to combine a secure chip with its own operating system.
The Ledger Nano S is the world’s highest selling crypto wallet and supports over 40 cryptocurrencies.
Did you know that a Ledger Nano S is compatible with the crypto assets that represent 90% of the total market cap?
— Ledger (@Ledger) October 29, 2018
“Blockchain technology is evolving the financial system rapidly. It is critical that institutions and investors adopt security solutions that are equipped to face the new risks that come along with it. Secure storage of large multi-cryptocurrency funds is a highly complex challenge that cannot be solved by just implementing procedures. Institutions are looking for safer storage options along with integrated governance policies, but don’t want to sacrifice operational efficiency – with our technology, investors don’t have to compromise.”
Last week Ledger announced a partnership with Blockchain, the leading software provider for cryptocurrency. The two companies are launching the Blockchain Lockbox, a new custom hardware device that will be solely compatible with the Blockchain Wallet.
Soong also says the company plans to offer support for more stablecoins, including Tether (USDT), noting that the demand for USDT in China and South Korea is high.
Ledger, headquartered in San Francisco and Paris, was recently named one of the “Hottest Startups in Paris” in 2018 by Wired magazine.