Exclusive: Ledger CEO On Business Growth, M&A and Wallet Price

Ledger, a French manufacturer of a popular hardware wallet, is diversifying its business by developing enterprise-focused solutions and doesn't rule out acquisitions to support its growth, CEO Éric Larchevêque told Cryptonews.com. Also, he forecasts a decrease in their wallet price.

In 3-5 years, the revenue share of its wallet business is estimated to drop to one third, compared to 95% now, the CEO said. The company intends to extend security solutions to enterprises such as hedge funds and financial institutions, to provide governance in the management of crypto assets. This and other steps, such as IoT (internet of things) related solutions, will help to diversify business and become more resilient to the volatility in the crypto market.

The CEO states that the market slump has definitely affected business: sales spiked in December and fell off subsequently. He declined to comment on financials of the company.