Ledger Names New CFO and Launches New York Office

TLDR

• Ledger appointed former Circle executive John Andrews as its new chief financial officer.
• The company opened a new office in New York City to expand its US presence.
• Ledger said the New York office will serve as a hub for its institutional division, Ledger Enterprise.
• John Andrews brings more than 25 years of experience in corporate finance and financial services.
• The company is exploring a potential US initial public offering that could value it above $4 billion.

Ledger has appointed John Andrews as chief financial officer and opened a new office in New York City. The company confirmed the leadership change and expansion on Friday. The move comes as Ledger explores a potential U.S. initial public offering valued above $4 billion.

Ledger Names John Andrews as CFO to Support Growth Plans

Ledger hired John Andrews from Circle, where he led capital markets and investor relations. He brings over 25 years of experience in corporate finance and financial services. The company said his appointment supports its next phase of growth in the United States.

Ledger stated that Andrews will deepen ties with banks and asset managers. He will also work closely with custodians and stablecoin issuers. The firm said it wants stronger institutional relationships as demand for digital asset infrastructure rises.

Chief executive Pascal Gauthier said Andrews brings “the institutional rigor and financial leadership necessary to scale Ledger’s global vision.” He added that Andrews has experience at the intersection of traditional finance and digital assets. Andrews said Ledger is “uniquely positioned” to support institutions moving into digital assets.

Andrews described his appointment as coming at “an important moment for its growth.” He said he will help advance the company’s institutional strategy. He will oversee financial operations as Ledger expands its U.S. footprint.

The company confirmed that Andrews will guide financial planning and investor engagement. He will also support discussions linked to a possible U.S. listing. Ledger has not finalized any IPO decision at this stage.

New York Expansion Places Ledger at the Center of the US Market

Ledger opened a New York office as part of a multi-million-dollar U.S. investment. The company said the site will serve as a strategic hub for Ledger Enterprise. It added that the expansion targets its largest global market.

The firm said it expects to create dozens of roles across enterprise and marketing functions. It linked the hiring plans to the rising demand for digital asset infrastructure. The office will focus on products for institutional governance and trading.

Ledger said the location places its enterprise offering “at the epicenter of the financial world.” The company stated that it helps secure more than 30% of dollar stablecoins held by retail investors. It also claims to secure over 20% of the world’s crypto assets.

Founded in 2014, Ledger has sold more than 8 million devices across 165 countries. The company reported triple-digit million-euro revenue in 2025. It said demand increased as security concerns grew across the crypto sector.

The Financial Times reported in January that Ledger engaged Goldman Sachs, Barclays, and Jefferies for a possible U.S. IPO. The report said a listing could value the company at more than $4 billion. Ledger said any plans remain under review and could change.

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