Ledger is stepping up its U.S. expansion with two big moves. The crypto security company has hired former Circle executive John Andrews as its new chief financial officer and opened a new office in New York City. Together, these steps show Ledger wants a bigger role in the American digital asset market.
Ledger Strengthens Its U.S. Presence
The France-based firm said its new New York office is part of a multi-million-dollar investment in the United States. The location will support teams across Ledger Enterprise and marketing. More importantly, it puts the company closer to banks, asset managers, and stablecoin issuers that need secure crypto infrastructure.
CEO Pascal Gauthier said the office places Ledger’s institutional business in the center of global finance. That matters because more financial firms now want trusted tools to manage, store, and trade digital assets safely.
Why John Andrews Matters
Andrews brings more than 25 years of finance leadership experience to Ledger. He previously worked at Circle as head of capital markets and investor relations. That background could help Ledger as it explores long-term growth options in the U.S.
His experience is especially relevant because Circle has already gone public on the New York Stock Exchange under the ticker CRCL. In simple terms, Ledger now has a CFO who understands both crypto and public-market strategy. That is a useful mix for a company with bigger ambitions.
IPO Talk Gains Attention
Reports earlier this year said Ledger had hired Wall Street advisers to study a possible New York IPO. Those reports also suggested the company could be valued at more than $4 billion. At the same time, Ledger’s revenue reportedly climbed sharply in 2025 as demand for hardware wallets grew.
Ledger’s scale helps explain that momentum:
- More than 8 million devices sold
- Customers in over 165 countries
- Security for more than 20% of the world’s crypto assets
- Protection for over 30% of retail-held dollar stablecoins
Ledger started as a hardware wallet brand, but it now looks ready to grow into a broader institutional crypto security platform. Furthermore, its latest U.S. push suggests the company wants to be a major player in the next phase of digital finance.
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