Crypto hardware provider Ledger has appointed former Circle executive John Andrews as chief financial officer. Andrews previously led capital markets and investor relations at Circle.
The company opened a New York office as part of a multi-million-dollar investment in its US operations. The office will serve as a hub for Ledger Enterprise - its custody and governance platform for digital assets - and create dozens of roles across enterprise and marketing teams.
Demand is rising from banks, asset managers, custodians, and stablecoin issuers seeking secure digital asset infrastructure.
In January, reports confirmed Ledger is working with Goldman Sachs, Jefferies, and Barclays on a potential US IPO that could value the French company above $4 billion. Ledger reported a record revenue year in 2025.
Kraken recently paused its IPO plans, while Abra and Animoca Brands pursue public listings this year. Crypto and AI-related IPOs returned 13.9% in 2025 - underperforming the S&P 500.