Ledger appoints former Circle exec as CFO, opens New York office as firm explores potential US IPO

Ledger has appointed John Andrews, formerly of Circle, as its new chief financial officer and established a New York City office, signifying a major investment in the U.S. market. This move is intended to bolster the company’s growth, particularly in its relationships with key financial institutions like banks and asset managers, as Ledger Enterprise sees increasing demand for digital asset infrastructure. The expansion aligns with reports that Ledger is considering a U.S. initial public offering, potentially valuing the firm at over $4 billion, and follows CEO Pascal Gauthier’s statement that “money is in New York today for crypto.” Founded in 2014, Ledger secures over 20% of the world’s crypto assets and is positioning itself as an “AI-accelerated” security company.

(Source：The Block)