Tony Fadell, a former engineer at Apple who designed the iPod, has teamed up with French startup Ledger to create a new hardware wallet that allows users to securely store their cryptocurrency.

This product was unveiled at the Ledger Op3n event last Tuesday.

When confidence in centralized digital currency platforms was declining due to FTX’s failure, which had been the second-largest asset manager following Binance, this launch occurred.

Ledger Stax, which looks like a small smartphone and measures 85 millimeters long and 54 millimeters wide, was created by the security company.

With this hardware wallet, individuals can manage different tokens such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and non-fungible tokens (NFTs).

Moreover, it can be linked to a laptop through a USB cable or to a phone via Bluetooth.