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- Ledger explores a U.S. listing as demand for secure crypto storage rises.
- Major banks advise Ledger on a potential NYSE debut valued above $4 billion.
- A surge in crypto crime boosts interest in offline custody solutions like Ledger.
Ledger is preparing for a possible U.S. stock market listing that may value the company at more than $4 billion. The French hardware wallet maker has hired major banks to study the move. The plan reflects rising interest in secure digital-asset storage as global crypto theft increases.
Ledger has engaged Goldman Sachs, Jefferies, and Barclays to explore a 2026 listing on the New York Stock Exchange. The discussions remain early. The timeline may shift depending on market conditions.
According to a report by the Financial Times, Ledger is assessing the option with its advisers. The listing could occur as soon as this year if conditions allow.
Ledger Focuses on New York Investor Base
CEO Pascal Gauthier has stated that capital for crypto companies is centered in the United States. He highlighted New York as a preferred destination for expanding access to investors. His comments reflect the broader movement of European firms toward U.S. markets.
Ledger was founded in 2014. The company designs small hardware devices that store cryptocurrencies offline. This reduces exposure to online attacks that target exchange platforms and software wallets.
Ledger’s last valuation stood at $1.5 billion in 2023. Investors included True Global Ventures and 10T Holdings. The company reported strong financial performance and rising revenue.
Also Read: BitGo IPO Priced at $18 as Crypto Infrastructure Firm Targets NYSE Listing
Demand for secure storage has grown. Research firm Chainalysis reported that crypto crime reached about $17 billion last year. The increase has pushed more users to consider offline custody options.
Rising Security Fears Fuel Ledger’s Record Year
According to Ledger, it had a record business year. Its leadership team states that revenues hit triple-digit millions. Fears about the safety of assets were contributing to this trend.
High-profile hacks and fraud cases increased the losses. The user behavior was affected by exchange failures as well. Investors wanted substitutes that would minimize exposure on compromised platforms.
The IPO interest is congruent with the overall activity in the sector. These crypto firms seeking or going through with U.S. listings include BitGo, Circle, Gemini, and Bullish. Their actions point to revived involvement of public-market investors.
The proposed New York debut would be most significant to Ledger. The company tries to reinforce its activity in the world crypto-security arena. The possible listing highlights the role of custody and protection as the key to the use of digital assets.
Also Read: Thailand SEC Readies Crypto ETFs and Tokenised Funds for Next-Gen Investors
