Tony Fadell, a former Apple engineer who designed the iPod, has collaborated with the French startup Ledger to develop a new hardware wallet that allows users to securely store cryptocurrency.

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

This launch occurred at a time when trust in centralized digital currency platforms was dwindling due to the failure of FTX, the second-largest asset manager after Binance.

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

Individuals can use this hardware wallet to manage various tokens such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL), and non-fungible tokens (NFTs).

Furthermore, it can be connected to a laptop via USB cable or to a phone via Bluetooth.