Summary
- Ledger CEO stated that institutional interest in cryptocurrency security has increased following the Bybit hacking incident.
- Various institutions have shown interest in asset storage and liquidity management solutions, preferring self-custody.
- Institutions want to minimize risk, and Ledger can provide the optimal solution for this.
Pascal Gauthier, CEO of hardware wallet manufacturer Ledger, revealed that "institutions have begun to show more interest in cryptocurrency security following the Bybit hacking incident."
According to cryptocurrency media Blockworks on the 19th (local time), he said, "I received calls from various institutions after the Bybit hack," explaining that "they are looking for liquidity management solutions through not just simple asset storage, but also self-custody or regulated custodians."
He added, "Ultimately, institutions want to minimize risk, and Ledger can provide the optimal solution for this."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
