Brussels, January 14, 2026 — NGRAVE, the Belgian technology company known for the world's only cold wallet solution with EAL7-certified security, has completed a strategic restructuring. A group of long-term investors, including the Lydian Group founded by the creators of Mangrove Capital, have acquired the company's core assets with the ambition of propelling NGRAVE into its next phase of steep growth. 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.
From $1.5 Billion to $10 Billion in Secured Assets
The new ownership plans to build on NGRAVE's existing technological foundation, product line, and large international client base. The ambition is to grow assets secured on NGRAVE solutions from approximately $1.5 billion today to $10 billion throughout 2026–2027. The 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.
Founder Returns to Lead Self-Custody Mission
Co-founder Ruben Merre, who was responsible for the original vision, development of all patented technologies, and the sale of wallets allowing $1.5 billion worth of crypto assets secured today, will return in his initial CEO role. “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,” Merre said. Quentin Grutman, Chairman of the Board, added: “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.”
Corporate Continuity and Future Outlook
The company will continue to be headquartered in Belgium and will preserve its former partnerships with industrial, technological, and institutional players. NGRAVE is widely recognized for its EAL7-certified cold wallet, the highest security level in the industry. Its portfolio spans hardware wallets, backup systems, and companion software designed to safeguard digital wealth in a rapidly evolving crypto landscape. With the backing of Lydian Group's extensive resources and network, NGRAVE is well-positioned to dominate the self-custody security market and achieve its ambitious $10 billion asset protection target.