The renowned French digital security firm, Ledger, is finalizing details for its debut in the United States public markets, according to recent reports that place the Ledger IPO plans in 2026 under a valuation exceeding 4 billion dollars. For this ambitious process, the company has recruited investment banking giants such as Goldman Sachs, Jefferies, and Barclays.
Under the leadership of Pascal Gauthier, the company seeks to capitalize on growing institutional interest in the secure custody of digital assets, especially in New York, where global crypto capital is concentrated. The Ledger IPO plans in 2026 reflect sustained growth, driven by revenues that reached triple-digit million-dollar figures during the last fiscal year.
Furthermore, operational expansion into North America has been a fundamental pillar in the organization’s strategy, given that approximately 40% of its business comes from this region. This financial maturity, combined with its brand consolidation, allows the firm to undergo Wall Street’s scrutiny, seeking to leverage self-custody technology for securing private keys.
Accelerated growth and dominance in the custody market
Under this panorama, Ledger has managed to position itself as a critical guardian of the ecosystem, currently protecting nearly 20% of global crypto assets. Thus, the company not only stands out for selling more than seven million devices but also for safeguarding a value exceeding 100 billion dollars in Bitcoin alone, which justifies the projected valuation for its public listing.
On the other hand, the transition from manufacturing physical wallets to an integrated security services platform has allowed for diversifying its revenue streams. Nevertheless, the Ledger IPO plans in 2026 face internal challenges related to the structure of its new transactional fees, which have sparked debates over the cost of financial sovereignty in decentralized networks.
Will Ledger be able to convince traditional investors following recent security lapses?
Despite solid financial indicators, the exposure of customer personal data that occurred in early January has put third-party protocols used by the firm under the microscope. However, management maintains that, since user funds were not compromised, trust in the core product remains intact, allowing the Ledger IPO plans in 2026 to continue their course toward the New York floor.
Finally, the success of this operation could mark a turning point for blockchain infrastructure companies seeking legitimacy in traditional markets. Therefore, the investor response to Ledger’s business model will be decisive for future public listings of other sector competitors, who are closely watching this strategic financial consolidation move.
