Ledger is preparing for a $4 billion IPO on the New York Stock Exchange in 2026, working with major firms like Goldman Sachs, Jefferies, and Barclays. This announcement follows BitGo's successful NYSE listing and comes amid a trend of digital asset companies planning public offerings despite a downturn in the crypto market. Other firms, including CertiK and Kraken, are also looking to go public in the next few years.

Ledger is considering a New York IPO or private funding to capitalize on rising demand for hardware wallets. The company reported strong financial performance, with revenues reaching triple-digit millions in 2025, ahead of the holiday shopping season. Security concerns in the crypto space have also boosted interest in their products.