Nov 26

Ledger Expands to New York City, Appoints Demetrios Skalkotos as Global Head of Ledger Vault

Cryptocurrency Security Leader Continues Rapid Growth, Taps Finance Industry Veteran to Lead the Global Business Unit and Onboard Financial Institutions onto Ledger Vault Platform.

Today, Ledger, a global leader in securing crypto assets, proudly presents its United States expansion to New York City and appointed Demetrios Skalkotos to head the worldwide business unit operations for the Ledger Vault. The new office will be the headquarter for this. The Ledger Vault is a self-custody solution for managing crypto assets which uses multi-autorizations, which will serve as a business security option for financial institutions.

The Ledger Vault offers cutting-edge security by combining the company’s self-made OS (Operating System), BOLOS, with the hardware security module chip, making it the only cryptocurrency protection company to integrate a Secure Element with its own custom OS. Ledger Vault provides the IT infrastructure for businesses to completely manage and control their crypto assets, allowing asset managers,  custodians and traditional financial services to trade and store 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. The Ledger Vault provides financial institutions, family offices and fund managers with a secure solution 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 that 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.