Gemalto and Ledger to Court Enterprises With New Cryptocurrency Wallet

Two security specialists are uniting to build a new security solution for financial institutions working with cryptocurrency.

AccessTimeIconOct 6, 2017 at 5:00 p.m. UTC
Updated Sep 13, 2021 at 7:00 a.m. UTC

Security giant Gemalto and hardware wallet provider Ledger are pooling their efforts to create a new secure storage solution for financial institutions working with cryptocurrency.

The new partnership will apply Ledger's hardware wallet operating system (BOLOS) with Gemalto's cryptographic key storage system (HSM) to create a device geared towards the management of crypto-assets. It's the latest blockchain-related initiative for Gemalto, which has previously said that it is working on an IoT initiative tied to the tech and has sought intellectual property rights in the area of distributed identity.

According to a release, as well as operating as a wallet, the device will enable further applications, such as allowing financial institutions to trade cryptocurrencies and execute smart contracts.

Eric Larcheveque, CEO at Ledger, said in a statement:

"As the market value of blockchain based solutions rises, so does the need for bank-grade security products, when financial institutions are looking for dedicated, certified solutions."

Todd Moore, senior vice president of encryption products at Gemalto, also hinted that the Gemalto-Ledger partnership could extend into securing further applications, including "smart energy applications, home automation or wearables."

Ledger already has two digital wallet options available for the general cryptocurrency market. In March, the firm raised $7 million in a new Series A funding round.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ledger.

Safe dial image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.