Ledger is preparing a New York Stock Exchange listing that could value the French hardware wallet maker at more than US$4 billion, according to a report by the Financial Times.
The company was last valued at US$1.5 billion in a 2023 funding round, underscoring how sharply sentiment has shifted toward crypto infrastructure firms.
Goldman Sachs (NYSE:GS), Jefferies Financial Group (NYSE:JEF), and Barclays (NYSE:BCS) are said to be advising on the deal, which could launch as soon as this year.
The move follows BitGo’s (NYSE:BTGO) recent NYSE debut, which helped reopen public markets for crypto-native companies. Ledger has benefited from surging demand for self-custody as high-profile crypto hacks continue to mount.
If completed, the listing would rank among the largest US IPOs by a European crypto firm.
Kansas weighs Bitcoin reserve from unclaimed digital assets
Lawmakers in Kansas are considering a bill that would create a state-run Bitcoin and digital assets reserve without buying crypto directly.
Senate Bill 352 proposes funding the reserve using unclaimed digital property already held by the state, including abandoned crypto, airdrops, staking rewards, and interest. The fund would sit within the state treasury and be administered by the Kansas treasurer.
Under the proposal, 10 percent of each deposit would flow into the general fund, while Bitcoin itself would be retained exclusively in the reserve.#ETHMarketWatch
