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Cathay Innovation

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Hardware wallet manufacturer, Ledger, has raised an additional $108 million in funding for its Series C round, bringing its total raised in 2021 to $385 million. The French startup’s high-security wallets protect crypto assets by storing private keys on the device, and it estimates its hardware secures 20% of cryptocurrencies and 30% of NFTs worldwide. The latest product, the Ledger Stax, is designed to manage NFT collections and features an E Ink display. While a data breach in 2020 led to phishing campaigns, Ledger continues to be a top choice for secure crypto asset storage.