Hardware wallet company Ledger advances IPO in the US. Company valuation exceeds 5 trillion KRW

Hardware wallet company ‘Ledger’ advances towards US listing… Can the company’s value break through 5 trillion KRW?

French cryptocurrency security company Ledger is preparing to go public on the US stock market. It is predicted that its expected enterprise value will exceed $4 billion (approximately 5.8632 trillion KRW). The evaluation considers the pro-cryptocurrency environment in the US and the policy tone of the Trump administration as the main background.

The Financial Times reported on the 23rd (local time) that Ledger is working with major investment banks such as Goldman Sachs, Jefferies, and Barclays to facilitate its initial public offering in the United States. The transaction is expected to be completed as early as this year.

Founded in 2014, Ledger is a cryptocurrency wallet company that has sold over 7 million hardware wallets worldwide. Ledger CEO Pascal Gauthier stated, “Today, the funds prepared for cryptocurrencies are in New York, not in Europe,” emphasizing the liquidity and friendly environment of the US market as the background for its IPO.

During its funding in 2023, Ledger’s enterprise value was recognized as $15 billion (approximately 21.987 trillion KRW), with investors such as Singapore’s True Global Ventures and 10T Holdings participating. Thanks to the expanding demand from security-sensitive cryptocurrency investors in 2025, its revenue broke the ‘multi-million dollar unit’ threshold, setting a new record.

Ledger’s push for an IPO aligns with the trend of cryptocurrency companies listing on US stock markets since 2025. It is believed that, since President Trump’s administration, US authorities have been cultivating the digital asset industry at the ‘national strategic level.’

This year, digital asset custody firm BitGo listed on the New York Stock Exchange, becoming the first cryptocurrency IPO case of 2026; last year, stablecoin issuer Circle, as well as cryptocurrency exchanges Gemini and Bullish, also went public in the US.

The US has recently emerged as a leading stage for the listing and growth of cryptocurrency-related companies. Ledger’s move is a typical example of riding this trend and could become a turning point for European startups seeking large-scale enterprise value growth in the US.

💡 “Investors who prioritize security are just as important as the wallet itself—‘knowledge’ is key.”

Ledger’s push for a US listing is not just simple corporate news. It signals a fundamental change in the way cryptocurrency assets are stored and in investors’ security awareness.

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Why are hardware wallets like Ledger so highly regarded? Before blockchain investments ask “how much did I earn,” they should ask “how much did I protect.”

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This article is generated based on the TokenPost.ai language model. It may omit main content or differ from actual facts.