Ledger taps ex-Circle exec to lead finance ahead of potential US IPO

Ledger, the Paris-based crypto security firm known for its hardware wallets, has named John Andrews as its new Chief Financial Officer and launched a New York office in major steps to accelerate its US growth.

A seasoned finance executive with roots in Wall Street, Andrews previously led investor relations and capital markets at Circle, where he was instrumental in advancing the company’s public listing ambitions.

In his new role, he will support Ledger’s expansion amid growing demand from banks and asset managers.

“His deep experience at the intersection of traditional finance and digital assets is exactly what is required as we deepen our footprint in the United States,” Ledger CEO Pascal Gauthier stated.

Andrews said Ledger’s strong reputation for digital asset security places it in a unique position to meet increasing institutional demand.

On his appointment, the finance leader said he looks forward to contributing to its continued expansion alongside a highly regarded team.

New York expansion builds on earlier presence

The expansion builds on its earlier footprint in New York, where it opened an office in 2018 focused on its Ledger Vault institutional custody product.

Ledger’s new office will serve as a strategic hub to support institutional clients seeking secure, high-assurance tools for managing digital assets, according to Gauthier.

“We are placing Ledger Enterprise at the epicenter of the financial world to meet the growing demand for secure infrastructure,” he noted.

The company recently signed a multi-year global partnership with the San Antonio Spurs, an NBA franchise, as part of its ongoing effort to build consumer brand recognition in the US market.

Ledger eyes US IPO

The crypto wallet maker, which has sold more than eight million devices worldwide, is working with top investment banks on plans for a US IPO that could exceed a $4 billion valuation, according to the Financial Times.

The move comes as crypto firms rush to list in the US amid rising institutional demand and a more supportive regulatory environment under the Trump administration. If it proceeds, Ledger would join recent high-profile listings such as Circle, Gemini, Bullish, and BitGo.