Last night, the San Antonio Spurs secured their spot in the NBA playoffs—good news for Victor Wembanyama, but also for Ledger, which has been the Texas franchise’s jersey sponsor since this season. And as good news rarely comes alone, the French unicorn is taking the opportunity today to make several announcements aimed at accelerating its growth in the United States, already its largest market.
Ledger has announced the appointment of John Andrews as Chief Financial Officer. In his new role, he brings over 25 years of experience in financial services. Since 2021, he had been Head of Capital Markets and Investor Relations at Circle, the U.S. company behind the USDC stablecoin. Over the course of his career, he has held positions at major American banks including Morgan Stanley, Goldman Sachs, and Citi, as well as at Germany’s Deutsche Bank.
“John Andrews brings the institutional rigor and financial leadership needed to support Ledger’s global ambitions. His expertise at the intersection of traditional finance and digital assets will be critical as we strengthen our presence in the United States. With the opening of our New York office, we are positioning Ledger Enterprise at the heart of the global financial ecosystem to meet growing demand for secure infrastructure,” said Pascal Gauthier, CEO of Ledger, welcoming the appointment.
Toward a Valuation Above $4 Billion
As Ledger’s new CFO, John Andrews—supported by Quentin Ricomard, VP Finance since 2019—will focus on preparing the company for a potential IPO that could take place as early as this year on Wall Street, according to the Financial Times. The British newspaper reports that such a listing could value the company at more than $4 billion.
In this context, it comes as no surprise that Ledger is also announcing the opening of a New York office. The company stated that it is investing several million dollars to make this new location its hub for expanding across the U.S. market.
Accelerating in the B2B Segment in the U.S.
In particular, Ledger aims to accelerate its B2B strategy in the U.S., notably by scaling up the deployment of Ledger Enterprise—its secure infrastructure platform designed for institutional clients.
“With the opening of our New York office, we are positioning Ledger Enterprise at the heart of the global financial ecosystem to meet growing demand for secure infrastructure,” reiterated the company’s CEO.
Last November, he had already expressed strong enthusiasm for New York and the U.S. market in the Financial Times: “Today, the money for crypto is in New York—it’s nowhere else in the world, and certainly not in Europe.”
It is therefore only logical that Ledger is gearing up for a potential Wall Street listing with the appointment of John Andrews and the opening of this New York office. The launch of the office will be celebrated on March 23.
And perhaps the icing on the cake would be an NBA title for the San Antonio Spurs in June.
