Ledger's motto, "not your keys, not your coins," has grown more well-known among its clients as the digital asset sector struggles with regulatory ambiguity.

Ledger, the manufacturer of hardware wallets like the Nano S and Nano X, said on March 30 that its Series C extension funding round had been a success, earning a total of $109 million for the improvement and expansion of wallet production.

Ledger's valuation has increased to €1.3 billion ($1.418 billion) as a result of the investment. Due to strong investor interest, the French hardware manufacturer intends to have a second and third close in April, according to Bloomberg.

Institutional investors like Morgan Creek, Cité Gestion SPV, Digital Finance Group, VaynerFund, True Global Ventures, and 10T took part in the most recent investment round.

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