Ledger IPO is poised to take the crypto world by storm, as the Paris-based crypto security company sets its sights on a public offering in the United States. This move could see Ledger valued at more than $4 billion, a testament to its significant impact on the crypto security landscape.
The renowned hardware wallet manufacturer is collaborating with financial powerhouses Goldman Sachs, Jefferies, and Barclays to navigate this monumental deal, which might happen as early as this year.
Rising Demand for Crypto Security
According to CEO Pascal Gauthier, the demand for enhanced crypto security solutions has never been higher, particularly from investors who prioritize safeguarding their digital assets. This surge in interest propelled Ledger to reach record-breaking revenues in 2025, achieving triple-digit million-dollar figures.
Since its inception in 2014, Ledger has sold over 7 million devices globally, solidifying its reputation as a leading provider of hardware wallets.
Strategic Move to New York
Gauthier highlighted that “money is in New York today for crypto,” underscoring the strategic decision to list in the United States rather than Europe. This choice aligns with the broader trend of crypto companies seeking to capitalize on the favorable regulatory environment and market enthusiasm in the U.S.
Ledger’s planned IPO follows a wave of digital asset companies going public, especially after President Donald Trump’s administration prioritized digital assets as a national strategic focus.
Trailblazers in the Market
Recently, crypto custodian BitGo made headlines by becoming the first digital asset IPO of 2026, trading on the New York Stock Exchange. This move was preceded by stablecoin issuer Circle and exchanges Gemini and Bullish, all of which went public in the U.S. in 2025.
Ledger’s previous funding round in 2023, which elevated its valuation to $1.5 billion, included significant investments from True Global Ventures and 10T Holdings, signaling strong confidence in its future growth.
The Ledger IPO symbolizes not just a major milestone for the company but also a pivotal moment for the crypto security sector, as investors and stakeholders anticipate the next phase of its evolution.
With the U.S. market’s strategic importance in the crypto space, Ledger’s IPO is expected to further cement its position as a leader in crypto security solutions.
