Paris-based digital asset company Ledger has completed a $50 million secondary equity sale, according to Bloomberg. The transaction, finalised in the fourth quarter of last year, involved an early investor selling their stake. CEO Pascal Gauthier, who led the deal, stated the company has no immediate plans for an initial public offering. He declined to disclose Ledger's current valuation. The secondary sale allows existing shareholders to liquidate their positions whilst the company remains private.

Ledger, the digital asset security company, has appointed John Andrews as chief financial officer and opened a New York office as part of a multi-million dollar US expansion. Andrews joins from Circle, where he served as head of capital markets and investor relations, bringing over 25 years of finance experience. The New York office will serve as a strategic hub for Ledger Enterprise, the company's institutional platform, with dozens of new roles created across enterprise and marketing functions. Ledger secures over 20% of the world's cryptocurrency and more than 30% of dollar stablecoins held by retail investors. The expansion comes as demand grows from banks, asset managers and custodians seeking secure digital asset infrastructure. Ledger has sold over 8 million devices across 165 countries since its founding in 2014.

Ledger Wallet has launched Ledger Cathay Capital, a €100 million fund to support early-stage Web3 startups at Seed and Series A stages. The fund combines Ledger's digital-asset security expertise with Cathay Capital's global investment infrastructure, offering capital, resources, and guidance to founders. It aims to enhance security in the digital-asset ecosystem and support innovation in Web3 and the Metaverse.