Ledger Launches Recovery Key, a Physical ‘Spare Key’

Major crypto wallet maker Ledger has released Ledger Recovery Key, a spare key for users to access digital assets.

The company announced this product in late June 2025. It allows Ledger Flex and Ledger Stax users to create a spare key alongside the 24 words.

According to the press release, Ledger Recovery Key is supposed to make accessing digital assets simple. The team claims it’s “as easy as tapping a card and entering a PIN.”

The spare key connects directly to the wallet via NFC wireless channels. There are no intermediaries, it says.

Additionally, users can create an always-offline spare key “within minutes.” It’s kept on hardware and is protected by its own PIN code.

Only the wallet owner can create it by confirming it on their Ledger. Also, creating a spare key remains optional.

Ledger Recovery Key, our new private backup card to restore access to your assets, is now available!

Self-custody should feel accessible. Ledger Recovery Key acts as the physical spare key to your assets so that you can restore access with ease and confidence.

PIN and… pic.twitter.com/xAcMCmwNlJ

Moreover, all Ledger Flex and Ledger Stax orders will receive a single novel key in the box. Additional cards are available separately for $39.99. They allow owners to create multiple spare keys. “There is no limit to the number of spare keys” that users can create, the press release says.

That said, as a limited-time offer, Ledger now allows all customers who have already bought one of these wallets to claim a “complimentary Ledger Recovery Key.”

“We’re delighted to launch Ledger Recovery Key with reviewable code and a whitepaper,” says Charles Guillemet, Chief Technology Officer at Ledger.

The product “has gone through extensive security testing internally at the hands of the Donjon,” a team of white hat hackers, he claims. It’s also been through “a comprehensive internal testing and external security audits.”

“We’ve received extremely positive feedback from security researchers and industry leaders,” Guillemet states.

Ledger has raised $577 million to date, with a valuation of $1.5 billion.

It launched its touchscreen devices, Ledger Stax and Ledger Flex, in 2024. Per the team, they sold more than 7.5 million wallets globally, securing “20% of the world’s digital assets.”

Moreover, in 2023, Ledger also launched Ledger Recover as an addition to the traditional written backup. It’s an optional paid service that enables customers to create encrypted fragments of their recovery phrase. These fragments are then “protected by and recovered from secure HSMs in different territories.”

I'm excited to announce a huge technical milestone in @Ledger’s mission to simplify self-custody.

Ledger Recovery Key—a PIN-protected physical card enabling storage & recovery of your 24 words with just a few taps.

No KYC, no subscription fee, just peace of mind: pic.twitter.com/rqy2XcPeFJ

Now, the latest offer, Ledger Recovery Key, is also powered by Ledger’s Secure Element.

“The physical Recovery Key and the managed service Ledger Recover are complementary,” the team says. Users can use either, both, or just their 24 words.

“Too many people are compromising by keeping their assets on exchanges and insecure software wallets,” says Ian Rogers, Chief Experience Officer at Ledger. “With Ledger Recovery Key we are making secure self-custody easy-to-use for everyone.”

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