One of world’s best-selling cryptocurrency personal security device brands appointed Lava Tech as sole distributor in Greater China.

Ledger, the developer of Ledger Nano S, today announced that it has authorized Hong Kong Lava Holdings Company Limited (“Lava Tech”) as the distributor of Ledger Nano S in Greater China, covering mainland China, Hong Kong, Macau and Taiwan. Lava Tech will provide technical support and after-sales services.

More than 1.2 million hardware wallets developed by Ledger have been sold in 165 countries and regions globally, making Ledger one of the best-selling brand of cryptocurrency personal security devices. Its leading technology and top-level security are trusted by users worldwide.

Ledger, headquartered in Paris and San Francisco, is one of the few profit-making start-ups. In January 2018, Ledger announced the completion of the US$75 million (approximately HK$585 million) Series B financing. The investment will enable the company to significantly scale up its operations as demand for their products increases at pace.

Top-level chip offers world-class security

Ledger Nano S (and other Ledger’s products) runs BOLOS, or Blockchain Open Ledger Operating System, the OS developed by Ledger. This unique proprietary technology integrates the OS into the chip or hardware. The EAL 5+ certified chip embedded on Ledger Nano S is the same as that used in a credit card or passport.

It is a tamper-resistant platform capable of securely hosting applications and data, in accordance with the rules and security requirements set by pre-authorized applications and developers. Compared to software, hacking a chip takes formidable effort and time. So far, Ledger is the only player in the market to provide this technology of world-class.

Ledger Nano S is easy to use. User first connects the wallet to the computer, chooses a PIN code, and then sets the 24-word phrase used for backup and recovery (remember to write it down and keep it properly. Ledger does not record or save any password entered by the user). After successful initiation, connect it to the application page of Ledger wallet on Chrome, and you can select and install a variety of wallet applications.

Ledger also provides Ledger Manager to facilitate the management of multiple applications. After clicking the appropriate App, you will be directed to the installation page of Chrome plug-in. Follow the instructions, install and that’s done. Now you can manage your cryptocurrency assets and send, receive, pay or transfer.

Cooperation with Intel to advance blockchain data security

Ledger, the manufacturer of Ledger Nano S, has come a long way! Founded in 2014 and headquartered in Paris and San Francisco, Ledger has focused on designing highly reliable cryptocurrency hardware wallets, security devices and blockchain security technology solutions.

In October last year, Ledger announced cooperation with Intel, in which Ledger will integrate BOLOS, its blockchain operating system, with Intel’s SGX (Software Guard Extensions) technology. The storage of private keys and generation and signature of transactions will be done in the SGX’s security environment, instead of within the application. It will provide a more secure storage and solution for cryptocurrency owners.

Appoints Lava Tech sole distributor in Greater China

The official launch of Ledger Nano S in Greater China comes along with authorising Lava Tech to exclusively sell and provide after-sales services. Alain Pakiry, VP Global Sales of Ledger, commented:

“Asia is a rising star in global blockchain development, and users in Greater China have always been open-minded in high-tech products and are willing to try new things. At the same time, with cryptocurrency increasingly accepted, maximizing security in the process of transaction is more of a concern and value to all users.”

“The cryptocurrency personal security devices developed by Ledger have been well received with more than 1.2 million pieces sold worldwide. We are confident that the sophisticated effort of Lava Tech will win Ledger Nano S and Ledger brand-wide recognition and support by consumers in the region,”

Alain Pakiry said.

The management of Lava Tech said:

“Ledger is the leader in blockchain application and cryptocurrency security solutions. The personal security devices Ledger developed have become the world’s No. 1 brand. We are confident that the outstanding and leading technologies of Ledger will be soon favoured by the markets in the region. With the continuous innovation of Ledger technology, we also expect to bring more revolutionary products to Hong Kong and the region.”

“The electronic product market in Greater China has always been one of the best performers in the world, and cannot be ignored by brands elsewhere. Lava Tech has attained years of experience in the distribution of electronic products and accessories, and will continue to introduce global brands and products to meet the needs of consumers,”

said Lava Tech.

Ledger Nano S is now available here www.ledgerwallet.com

Key features of Ledger Nano S