Brussels, January 14, 2026 — NGRAVE, the Belgian technology company known for being the only cold wallet solution in the world featuring EAL7-designed security, has announced the completion of a strategic restructuring. A group of long-term investors, led by the Lydian Group (founded by the creators of Mangrove Capital), has acquired the company's core assets with the ambition to propel NGRAVE into its next phase of steep growth.
Investor Background and Growth Ambitions
The Lydian Group is one of the largest conglomerates in the industry, active in media, infrastructure provision and trading, serving over 20 million customers monthly and transacting over USD 50 billion annually. The new ownership plans to build on NGRAVE's existing technological foundation, product line, and large international client base. The goal is to grow the assets secured on NGRAVE solutions from approximately USD 1.5 billion today to USD 10 billion throughout 2026 – 2027.
Core Technology Remains Intact
NGRAVE's core technology — including proprietary firmware, operating system, cryptographic stack, and the GRAPHENE backup solution — remains intact and battle-tested, with zero security incidents to date. The company will continue to preserve its former partnerships with industrial, technological, and institutional players.
Founder Returns as CEO
Co-founder Ruben Merre, who was responsible for the original vision, development of all patented technologies, and the sale of wallets that currently secure USD 1.5 billion worth of crypto assets, will return in his initial CEO role. He stated: “This new chapter will allow us to double down on self-custody. Our goal is to make institutional-grade security accessible to every crypto holder.”
Quentin Grutman, Chairman of the Board, commented: “This new structure allows us to preserve years of technological innovation while operating on a basis that will enable exponential growth. Security, long-term value creation, and institutional credibility remain at the core of our strategy and engagement.”
The company will continue to be headquartered in Belgium and will maintain all existing partnerships.
About NGRAVE
NGRAVE is a Belgian technology company developing advanced self-custody solutions for both individuals and institutions. Its portfolio spans hardware wallets, backup systems, and companion software designed to safeguard digital wealth in a rapidly evolving crypto landscape.