TL;DR:
- Ledger appointed John Andrews, former head of capital markets at Circle, as its new CFO to drive its institutional expansion.
- The company opened an office in New York as part of a multi-million dollar investment, focusing on its Enterprise division.
- Ledger is exploring a potential U.S. IPO that could value it at over $4 billion, with Goldman Sachs, Barclays, and Jefferies as advisors.
Ledger appointed John Andrews as its new Chief Financial Officer and opened an office in New York, two moves aimed at strengthening its position in the U.S. institutional market. Andrews joins from Circle, where he served as head of capital markets and investor relations, and brings more than 25 years of experience in corporate finance and financial services.
The company stated in a press release that Andrews’ appointment is intended to sustain the next phase of growth, with emphasis on deepening ties with banks, asset managers, custodians, and stablecoin issuers. CEO Pascal Gauthier noted that Andrews brings “the institutional rigor and financial leadership needed to scale the company’s global vision,” highlighting his experience at the intersection of traditional finance and digital assets.
Ledger Will Create Dozens of New Jobs
The new New York office is part of a multi-million dollar investment designed to serve as a strategic hub for Ledger Enterprise, the division focused on institutional clients. The firm announced the creation of dozens of jobs in enterprise and marketing roles, in response to growing demand for digital asset infrastructure.
The company disclosed that it currently secures more than 30% of U.S. dollar-denominated stablecoins held by retail investors, and that it safeguards more than 20% of the world’s crypto assets. Founded in 2014, Ledger has sold over 8 million devices across more than 165 countries and reported triple-digit revenues in millions of euros during 2025.
A Possible IPO
Ledger is considering a potential initial public offering in the United States. According to a January report by the Financial Times, the company reportedly hired Goldman Sachs, Barclays, and Jefferies as advisors for a potential listing that could value it at more than $4 billion. The plans have not been confirmed and remain subject to change.
