Ledger Nano Gen5 Adds Bluetooth, E Ink & Multisig Security
Ledger has upgraded its hardware wallet lineup with the Nano S Gen5 and Nano X Gen5, both featuring a 1.5-inch E Ink touchscreen, upgraded ST31 secure element, USB-C and NFC connectivity, and expanded flash memory for installing more apps and managing multiple accounts. The Nano X Gen5 adds Bluetooth and a built-in battery for on-the-go use. Priced at $69 for the Nano S Gen5 and $149 for the Nano X Gen5, they are available globally from April 2024, with U.S. pre-orders pending FCC certification. Both models incorporate Clear Signing, Transaction Check, a Ledger Security Key and ship with a Ledger Recovery Key to strengthen crypto security and self-custody.
Alongside the hardware launch, Ledger rebranded Ledger Live as Ledger Wallet, integrating directly with dApps like 1inch, offering Noah’s cash-to-USDC conversions and support for the top 100 tokens. The new Ledger Multisig platform targets institutions, DAOs and treasury teams, providing auditable multisig workflows across multiple chains. Traders should note that these enhancements reinforce Ledger’s market leadership, likely driving greater hardware wallet adoption and bolstering overall network security.
Bullish
The Nano Gen5 upgrades—Bluetooth, E Ink touchscreen, NFC and enhanced security features like Clear Signing and Transaction Check—address key trader concerns around usability and self-custody, likely boosting hardware wallet adoption. Ledger Wallet’s deeper dApp integration and the new Multisig platform for institutions expand market reach and on-chain security services. This overall product enhancement cycle should drive increased demand for secure storage, exerting upward pressure on underlying assets like BTC and major tokens as confidence and on-chain activity grow.