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Ledger Crypto Platform To Open Branch In Hong Kong

21:31 31/10/2018

Ledger, the developer of a hardware crypto wallet, announced the opening of a Hong Kong branch, Cointelegraph reports. Thus, the firm seeks to enter the Asian market.

Benjamin Soong will head the unit covering the Asia-Pacific region (APAC) and will be accountable for all Ledger operations. Before that, Sun worked as the director of S&P Global, the American financial information and analytics corporation.

“He brings a tremendous amount of experience and expertise in the region, which will help Ledger capitalize on future opportunities. APAC is a key market that has seen increased demand. With Benjamin at the helm, we are confident we can deliver top security for both consumers and financial institutions to protect their crypto assets”, Ledger President Pascal Gauthier stated.

Shortly before the announcement of the branch opening, the Ledger startup and Blockchain.com, the software provider, reported on the joint launch of the hardware wallet, entirely compatible with the Blockchain wallet. The cryptocurrency wallet is designed to provide a convenient alternative for cold storage of assets for 30 million customers.

In early October, Ledger, in the partnership with the French company Engie, announced the development of a solution that will help transfer data from the renewable energy systems to blockchain.

As previously reported, the Securities and Futures Commission of Hong Kong intends to introduce rules on the crypto sphere.


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