Ledger To Extend U.S. Presence To New York City

Ledger, a company behind the popular hardware wallet devices, focusing on securing crypto assets revealed today that its U.S. presence has been extended to New York City. Demetrios Skalkotos has been appointed as the head Ledger Vault‘s global business unit operations, which will now be headquartered in the new office. Ledger Vault, a known enterprise security solution for many financial institutions, is a multi-authorization cryptocurrency self-custody management solution whose primary function is to secure large amounts of different kinds of digital assets.

The Ledger Vault, incorporates the customer operating system of the company, BOLOS into the hardware security module chip, thus ensuring state-of-the-art-security. Ledger is the only company to combine a secure chip with its custom operating system.

Ledger Vault also provides the information technology infrastructure to facilitate management and control cryptocurrencies by firms, and also allows custodians, asset managers, and traditional financial services firms to store and trade their digital assets.

The president of Ledger, Pascal Gauthier said:

“New York City is the center of the financial world, hence having our Ledger Vault operations based in the region was a natural fit. 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.”

Skalkotos, the head of Ledger Vault has been a senior leader in various globally famous financial services companies, has decades of experience in product development, sales and marketing and also I running global software and infrastructure businesses. He is well versed in how the industry functions and in an extremely prudent choice to help financial institutions, hedge funds, high-net-worth individuals and family offices. His primary focus is to ensure the security of cryptocurrency investments so that they can be embraced by mainstream financial organizations more. He said:

“As Blockchain revolutionizes the financial system, so must the security solutions that protect it. Secure storage of large multi-cryptocurrency funds is a highly complex challenge that cannot be solved by just implementing procedures. Institutions are looking for safer storage options along with integrated governance policies, but don’t want to sacrifice convenience — at Ledger, we believe that investors shouldn’t have to compromise. 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. 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.”

Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.