<p>Samsung has invested EUR 2.6 million (approximately $2.9 million) in French crypto custody-provider Ledger, <a href="https://www.capital.fr/entreprises-marches/cryptomonnaies-samsung-investit-dans-la-pepite-francaise-ledger-1336185" target="_blank" rel="noopener noreferrer">Capital reports</a>. The investment brings Ledger’s valuation to $290 million, according to documentation seen by Capital. The startup’s founder Éric Larchevêque confirmed the investment had taken place but would not provide any further information.</p> <p>In <a href="https://twitter.com/EricLarch/status/1121114828473606149?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1121114828473606149&amp;ref_url=https%3A%2F%2Fwww.capital.fr%2Fentreprises-marches%2Fcryptomonnaies-samsung-investit-dans-la-pepite-francaise-ledger-1336185" target="_blank" rel="noopener noreferrer">a tweet</a>, Larchevêque said that while there will always be a need for hardware wallets, the smartphone will play a central role in the crypto revolution due to its accessibility.</p> <p>The news corresponds with recent <a href="https://www.theblockcrypto.com/tiny/ledger-appoints-pascal-gauthier-as-new-ceo/" target="_blank" rel="noopener noreferrer">senior management changes</a> that have taken place in Ledger. Larchevêque stepped down from his CEO position, becoming Executive Chairman of the Board, while Ledger’s president Pascal Gauthier was appointed the new CEO. </p>