Ledger appoints John Andrews as CFO in New York push
Ledger has appointed John Andrews as chief financial officer and opened a New York office, expanding the digital asset security company's presence in the United States.
Andrews joins from Circle, where he was head of capital markets and investor relations. He brings more than 25 years of experience in corporate finance and financial services as Ledger steps up its focus on the US market.
The New York office is part of a multi-million-dollar investment in Ledger's US operations and is expected to create dozens of roles across Ledger Enterprise and marketing.
It will serve as a base for the company's institutional business in the country, reflecting demand from banks, asset managers, custodians and stablecoin issuers for digital asset security infrastructure.
Ledger says it secures more than 30% of dollar stablecoins held by retail investors, has sold more than 8 million devices in over 165 countries, and secures more than 20% of the world's crypto.
US focus
Ledger describes the United States as its largest market. The latest move builds on earlier efforts to raise its profile in the country, including a multi-year global partnership with the San Antonio Spurs.
Andrews' background spans traditional finance and digital assets. Before joining Ledger, he held a senior role at Circle, a company closely tied to the stablecoin market, where Ledger says institutional demand is rising.
Pascal Gauthier, Ledger's chairman and chief executive officer, said the appointment marks the company's next phase of growth in the market.
"John Andrews brings the institutional rigor and financial leadership necessary to scale Ledger's global vision," said Gauthier. "His deep experience at the intersection of traditional finance and digital assets is exactly what is required as we deepen our footprint in the United States. By opening our New York office, we are placing Ledger Enterprise at the epicenter of the financial world to meet the growing demand for secure infrastructure. Institutions today require the cryptographic certainty that only Ledger provides. With Ledger Enterprise Multisig and Ledger Enterprise Tradelink, we are giving banks and asset managers the tools to govern and trade assets with total control," added Gauthier.
Institutional push
Ledger Enterprise is the company's platform for institutions adopting digital assets. The New York office is intended to support that business as financial groups expand their crypto custody, trading and treasury operations.
The expansion also comes as Ledger invests in teams across hardware security, cryptography and artificial intelligence. It says it is building an AI-focused security business while maintaining staff oversight.
The strategy combines finance leadership with operational expansion. Appointing a CFO with capital markets experience points to a focus on managing growth as institutional clients seek stronger governance and controls around digital assets.
Andrews said Ledger's position in digital asset security was a key reason for joining.
"Ledger has built the most trusted security platform for digital assets," said Andrews. "As institutions increasingly look for secure infrastructure to operate in this ecosystem, Ledger is uniquely positioned to support that transition. I'm excited to join the company at such an important moment for its growth. I'm thankful for the trust placed in me by Pascal, and honoured to join such a talented team that is respected across the industry for its leadership," said Andrews.
Founded in 2014, Ledger has built its business around securing digital assets for both retail and institutional users. It says it secures almost 30% of bitcoin and more than 30% of dollar stablecoins held by retail investors.
The New York investment adds staff and office space in a market where digital asset firms are seeking closer ties with banks and asset managers. Ledger says the office will support its institutional business as it expands in its largest market.