Crypto wallet startup Ledger opens new office in New York

Crypto wallet provider Ledger is expanding its presence in the United States and has announced the setting up of a new office in New York.

The company has appointed Demetrios Skalkotos to lead global business unit operations for Ledger Vault, which will be headquartered from the new office.

Skalkotos has served in senior leadership roles at internationally recognized financial services companies. He will bring decades of experience in “running global software and infrastructure businesses, as well as P&L's, product development, sales and marketing” to Ledger.

"New York City is the center of the financial world, hence having our Ledger Vault operations based in the region was a natural fit," said Pascal Gauthier, President of Ledger. "Having spent his whole career working as a leader in enterprise and financial services products, Demetrios Skalkotos is the perfect candidate to bring Ledger Vault to life and oversee its continued growth."

Ledger Vault is a multi-authorization cryptocurrency self-custody management solution designed to secure large amounts of various digital assets. It provides the information technology infrastructure for firms to completely manage and control their cryptocurrencies, allowing custodians, asset managers and traditional financial services firms to store and trade their digital assets.

"Ledger Vault provides financial institutions, family offices and fund managers with secure software and a reliable governance framework -- allowing investors total control and security without sacrificing speed,” Skalkotos said.

"As crypto becomes more widely adopted, it is critical that we scale enterprise-level solutions accordingly. The Ledger Vault does just that -- we are the necessary digital plumbing that will provide security custody management to the industry."

Earlier this year, Ledger raised $75 million in Series B round, led by Draper Esprit. The company said at the time that it will use the funding to significantly scale up its operations. Last month, it announced its expansion to Hong Kong and the appointment of Benjamin Soong as the Head of Asia Pacific (APAC).