Ledger Cryptocurrency Hardware Wallet Opens Branch In Hong Kong

According to Reports’ October 31 cryptocurrency hardware wallet company, Ledger announced that it will open a new branch in Hong Kong.

As one of the cryptocurrency hardware wallet manufacturers based in Paris and San Francisco, Ledger also revealed that Benjamin Soong has been appointed as the head of the Asia Pacific region (APAC), responsible for all operations in the region. Benjamin Soong served as former Managing Director of S&P Global, a US financial analyst firm.

Ledger President Pascal Gauthier further explained that Benjamin Soong will help the company seize the opportunity to promote its business in the Asia Pacific region:

“He has extensive experience and expertise in the region, which will help Ledger take advantage of future opportunities. The Asia Pacific region is a key market for demand growth. Under the leadership of Benjamin Soong, we are confident of being a consumer and financial institution. Provide the highest security measures to protect their encrypted assets.”

Prior to this, Ledger and cryptocurrency software provider Blockchain announced that they would introduce a hardware wallet that is fully compatible with blockchain wallets. According to the announcement, the goal of the two companies is to provide a “convenient alternative” for 30 million users to store passwords offline.

In January of this year, Ledger successfully raised $75 million in Series B financing led by European venture capital firm Draper Esprit. The scale of the issuance is said to be the largest ICO issued by cryptocurrency startups, after a $7 million round of financing in 2017.

According to Cointelegraph’s report in July this year, Ledger is reported to have attracted the interest of Samsung, Google’s venture capital arm, GV, and technology giants such as Siemens, after the company sold more than 1 million hardware encryption wallets in 2017. $29 million.

Recently, Hong Kong officials revealed plans to introduce cryptocurrency regulations. In June of this year, the Hong Kong Securities and Futures Commission (SFC) said that the regulator is “closely watching” the cryptocurrency and ICO, “intervening at the appropriate time.” Earlier this month, the chairman of the Hong Kong Securities Regulatory Commission told a local newspaper that the Securities and Futures Commission is planning a legal framework for the establishment of cryptographic assets.

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