Ledger, the Paris-based crypto safety agency identified for its {hardware} wallets, has named John Andrews as its new Chief Monetary Officer and launched a New York workplace in main steps to speed up its US progress.
A seasoned finance government with roots in Wall Road, Andrews beforehand led investor relations and capital markets at Circle, the place he was instrumental in advancing the corporate’s public itemizing ambitions.
In his new position, he’ll help Ledger’s enlargement amid rising demand from banks and asset managers.
“His deep expertise on the intersection of conventional finance and digital belongings is strictly what’s required as we deepen our footprint in the US,” Ledger CEO Pascal Gauthier acknowledged.
Andrews stated Ledger’s robust popularity for digital asset safety locations it in a singular place to satisfy rising institutional demand.
On his appointment, the finance chief stated he appears ahead to contributing to its continued enlargement alongside a extremely regarded workforce.
New York enlargement builds on earlier presence
The enlargement builds on its earlier footprint in New York, the place it opened an workplace in 2018 targeted on its Ledger Vault institutional custody product.
Ledger’s new workplace will function a strategic hub to help institutional shoppers looking for safe, high-assurance instruments for managing digital belongings, in line with Gauthier.
“We’re inserting Ledger Enterprise on the epicenter of the monetary world to satisfy the rising demand for safe infrastructure,” he famous.
The corporate not too long ago signed a multi-year international partnership with the San Antonio Spurs, an NBA franchise, as a part of its ongoing effort to construct client model recognition within the US market.
Ledger eyes US IPO
The crypto pockets maker, which has offered greater than eight million units worldwide, is working with high funding banks on plans for a US IPO that might exceed a $4 billion valuation, in line with the Monetary Occasions.
The transfer comes as crypto corporations rush to checklist within the US amid rising institutional demand and a extra supportive regulatory surroundings underneath the Trump administration. If it proceeds, Ledger would be a part of current high-profile listings akin to Circle, Gemini, Bullish, and BitGo.
