Ledger Nano S cryptocurrency hardware wallets go on sale at the 2018 Blockchain Technology Conference Consensus in New York City, New York, the United States, on May 16, 2018. REUTERS / Mike Segar

French tech and digital company Ledger said Thursday it had closed a new $ 380 million round of funding that earned it a valuation of more than $ 1.5 billion.

Ledger, headquartered in Paris, operates a platform called Ledger-Live that deals with cryptocurrencies.

The final Series C funding round was led by 10T Holdings while other participating investors included Financiere Agache, a unit of Bernard Arnault, the French luxury goods billionaire who runs LVMH (LVMH.PA).

“This Series C announcement marks Ledger’s transition from the leader in digital asset security to the secure gateway to the entire digital asset ecosystem,” said Pascal Gauthier, CEO of Ledger, in a statement.

“This industry is fast becoming mainstream, changing the entire financial sector and …

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