Today, Ledger announced that it has expanded its U.S. presence to New York City and appointed Demetrios Skalkotos to lead global business unit operations for Ledger Vault, which will be headquartered from the new office. A multi-authorization cryptocurrency self-custody management solution built to secure large amounts of various digital assets, Ledger Vault is the preeminent enterprise security solution for financial institutions.
The Ledger Vault provides state-of-the-art-security by integrating the company’s custom operating system, BOLOS, directly into the hardware security module chip — making it the only crypto-asset protection company to combine a secure chip with its own custom operating system. Ledger Vault provides the information technology infrastructure for firms to completely manage and control their cryptocurrencies, allowing custodians, asset managers, and traditional financial services firms to store and trade their digital assets.
“As Blockchain revolutionizes the financial system, so must the security solutions that protect it,” said Skalkotos. “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.”
Having served in senior leadership roles at internationally recognized financial services companies, Skalkotos has decades of experience running global software and infrastructure businesses, as well as P&L’s, product development, sales, and marketing. Skalkotos uniquely understands the industry and is well positioned to help financial institutions, hedge funds, high-net-worth individuals and family offices ensure security is top of mind as cryptocurrency investments continue to be embraced by mainstream financial organizations.
“New York City is the center of the financial world, hence having our Ledger Vault operations based in the region was a natural fit,” said Pascal Gauthier, President of Ledger. “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.”
“As crypto becomes more widely adopted, it is critical that we scale enterprise-level solutions accordingly,” continued Skalkotos. “The Ledger Vault does just that — we are the necessary digital plumbing that will provide security custody management to the industry.”
For more information about the Ledger Vault, please visit www.ledger.com/pages/ledger-vault.