Crypto {hardware} supplier Ledger has appointed former Circle government John Andrews as chief monetary officer and opened a New York workplace as a part of its US growth. Andrews beforehand led capital markets and investor relations at Circle.
Based on Friday’s announcement, the New York workplace is a part of a multi-million-dollar funding in Ledger’s US operations and can create dozens of roles throughout enterprise and advertising and marketing groups. It’s going to serve as a hub for the corporate’s institutional enterprise, together with its Ledger Enterprise platform, which gives custody and governance instruments for digital belongings.
The growth comes as the corporate says demand is rising from banks, asset managers, custodians and stablecoin issuers looking for safe digital asset infrastructure.
In January, reviews indicated that Ledger was exploring a US initial public offering that might worth the French firm at greater than $4 billion, with discussions involving Goldman Sachs, Jefferies and Barclays. In 2025, the corporate reported a document 12 months when it comes to income.
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Crypto IPOs anticipated in 2026
Ledger’s growth comes as a rising variety of crypto firms discover public listings in 2026.
In November, Animoca Manufacturers founder Yat Siu advised Cointelegraph the company is targeting a public listing by a reverse merger this 12 months, positioning it as a car for publicity to the broader crypto market.
In March, digital asset wealth platform Abra announced plans to go public by way of a reverse merger with particular goal acquisition firm New Windfall Acquisition Corp. III, valuing the corporate at $750 million.
Kraken, one of many bigger US-based crypto exchanges, has been the topic of IPO hypothesis since 2024. On Nov. 18, the corporate reached a $20 billion valuation following an $800 million funding spherical, and fewer than a day later, confidentially filed a draft registration statement with the Securities and Change Fee for a possible public providing.
Nevertheless, the submitting got here lower than every week after co-CEO Arjun Sethi mentioned the alternate was not “racing” to go public. This week, Reuters reported that Kraken has paused its IPO plans till market situations enhance.
In 2025, crypto and AI-related IPOs returned 13.9% on a weighted common foundation, underperforming the S&P 500’s 16% acquire.
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Cointelegraph by Nate Kostar Ledger Hires Ex-Circle Executive as CFO, Opens NYC Office Amid US Expansion cointelegraph.com 2026-03-20 19:56:52
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