French crypto hardware wallet company Journal is thinking about a New york city listing as rising cyberattacks drive record need for its hardware gadgets, sending out incomes skyrocketing into the triple-digit millions in 2025.
CEO Pascal Gauthier just recently informed the Financial Times that the business, established in Paris in 2014, is seeing its finest year yet as both people and business hurry to safeguard their digital possessions from progressively advanced hackers.
” We’re being hacked increasingly more every day … hacking of your savings account, of your crypto, and it’s not going to get much better next year and the year after that,” he stated.
The boom comes amidst a record year for crypto-related thefts. Hackers took $2.2 billion worth of digital possessions in the very first half of 2025, going beyond the overall for all of 2024. About 23% of these attacks targeted private wallets, the feet reported, mentioning Chainalysis.
Related: Journal and Trezor 2025 hardware wallets launched: What’s brand-new for users?
Journal protects $100 billion in Bitcoin
Gauthier stated Journal protects about $100 billion worth of Bitcoin (BTC) for clients, and may even more gain from seasonal spikes throughout Black Friday and Christmas.
He included that the business is preparing to raise funds next year, either through a personal round or a United States listing. He included that Journal is broadening its New york city headcount, keeping in mind that “cash remains in New york city today for crypto, it’s no place else on the planet, it’s definitely not in Europe.”
Rivals such as Trezor and Tangem likewise use “freezer” wallets, however Journal stays the most popular name in the market. The business was last valued at $1.5 billion in 2023, backed by 10T Holdings and Real Worldwide Ventures.
Related: The genuine arms race in Asia is block area, not TPS
Journal’s brand-new multisig app stimulates reaction
Last month, Journal released a brand-new multisignature (multisig) user interface, drawing blended responses from users. While numerous applauded the upgrade as a strong technical advance, the brand-new cost structure, consisting of a $10 flat cost per deal and a 0.05% variable cost for token transfers, activated criticism from parts of the crypto neighborhood.
Designers like pcaversaccio implicated the business of wandering off from its Cypherpunk roots, declaring Journal is turning its app into a centralized “choke point” to extract income from users.
Publication: Bitcoin OG Kyle Chassé is one strike far from a YouTube permaban