Ledger Hires Former Circle Executive as CFO; IPO May Be Delayed Due to Market Volatility

Chainthink

Release Time: 03/20/2026 12:00:35

Summary

Ledger has appointed John Andrews, a former Circle executive, as CFO amid market volatility. Andrews led Circle’s IPO process and now aims to prepare Ledger for a potential listing. The company is also opening a New York office to expand its U.S. operations. Andrews noted that the IPO timeline could change due to ongoing market volatility.

ChainThink reports that on March 20, according to The Information, hardware wallet manufacturer Ledger has hired former Circle executive John Andrews as Chief Financial Officer (CFO) to prepare for a potential initial public offering (IPO). John Andrews previously served as Head of Capital Markets and Investor Relations at stablecoin issuer Circle and was involved in its IPO process.

In addition, Ledger is opening an office in New York to expand its U.S. operations. John Andrews stated that, due to current market volatility, the IPO plan may be delayed.

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