Ledger Nano S officially launches in Hong Kong and appoints Lava Tech sole distributor in Greater China

More than 1.2 million sold worldwide by Ledger One of the best-selling personal security devices for cryptocurrencies

HONG KONG, June 28, 2018 /PRNewswire/ -- 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. The listed retail price of Ledger Nano S is HK$998.

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. 

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.

Ledger 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.

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. It is the first time Ledger appoints a distributor for the Greater China market which bespeaks our comprehensive sales network and service capability. 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 on the official website of Lava Tech at https://goo.gl/imRgwP. Lava Tech will provide free shipping services in Hong Kong and Macau. Ledger Nano S purchased through the official channels of Lava Tech will be entitled to one year of maintenance.

Key features of Ledger Nano S

  • MULTI-CURRENCY Supports Bitcoin, Litecoin, Ethereum and altcoins: hold different assets in the same hardware wallet.
  • BUILT-IN DISPLAYCheck and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor).
  • SECURE ELEMENT Ledger Nano S is based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). The firmware integrity is guaranteed by cryptographic attestation.
  • MULTI-APPSUse companion apps such as cryptocurrencies wallets, and also FIDO® U2F, GPG, SSH or build your own applications.
  • OPEN SOURCE With open source coding, players can write their own applications and create their own wallets.
  • FIDO®CERTIFIED U2F Supports the FIDO® Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane.

About Ledger

Founded in 2014, Ledger is a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications. Headquartered in Paris and San Francisco, Ledger has a team of more than 80 professionals developing a variety of products and services to safeguard cryptocurrency assets for individuals and companies -- including the Ledger hardware wallets line already sold in 165 countries. www.ledger.fr

About Hong Kong Lava Holdings Company Limited

Lava Tech is a veteran in CE (electronic products) accessories distribution services, and continuously introducing revolutionary products to the Hong Kong market to meet the needs of consumers. Leveraging robust value-added services to distribution channel, mature and effective operation modes, and support by renowned international brands, Lava Tech and its parent company Beijing Lava Technology Development Co., Ltd. have become one of the leaders in the distribution of CE parts in Greater China and the Asia Pacific region. http://www.lavatech.com.hk/

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