Ledger plots $4bn New York IPO: Here’s six other crypto firms planning to go public

Ledger is plotting a $4 billion public listing and has tapped firms such as Goldman Sachs to make it happen, people familiar with the matter told the Financial Times.

The hardware crypto wallet provider is also said to be working with Jefferies and Barclays on the deal, which could take place on the New York Stock Exchange later in 2026.

All four companies did not immediately respond to a request for comment from DL News.

The news comes hot on the heels of crypto custody company BitGo raising over $212 million on its NYSE listing on Wednesday.

It also comes as digital asset businesses raised $3.4 billion through initial public offerings last year, according to DefiLlama data.

A successful $4 billion IPO by Ledger would tower over all of 2025.

And more are coming down the road. Despite the current crypto market slump, several industry players are plotting to go public in 2026.

CertiK

Web3 security firm CertiK this week said it also plans to go public. It announced those plans during the World Economic Forum in Davos, Switzerland, this week.

In a paid-for article on CBS, the company said the IPO will “reinforce the transparency standards that Certik already follows.”

“Taking CertiK public is a natural next step as we continue scaling our products and technology,” Ronghui Gu, co-founder and CEO of CertiK, said in a statement.

Kraken

Kraken is gearing up for a public listing sometime in the first half of 2026, according to a confidential S-1 filing with the Securities and Exchange Commission in November.

The crypto exchange is seen as a potential rival not only to Coinbase but also to fintech firms like Robinhood.

While originally being a pure crypto trading platform, Kraken has spent the past few years expanding its services.

It now offers several services typically found at traditional financial institutions. Arjun Sethi, co-CEO of Kraken, told DL News in September that the firm is also looking for more acquisitions.

Consensys

Crypto infrastructure giant Consensys is said to be in talks with JPMorgan and Goldman Sachs to go public in 2026, Axios reported in October 2025.

With more than 30 million monthly users, according to the company, and a $7 billion valuation, Consensys offers public markets pure crypto-infrastructure exposure.

The firm, which operates MetaMask and Infura, is pivoting from a software studio to a high-profit infrastructure provider. In 2025, MetaMask added native support for Bitcoin and Solana to consolidate its position as a multi-chain wallet.

Evernorth

XRP treasury firm Evernorth is due to go public on the Nasdaq in the first quarter of 2026, CEO Asheesh Birla told Nasdaq MarketSite earlier in January.

The move will be via a SPAC merger with Armada Acquisition Corp II. Once finalised, it will trade under ticker XRPN on Nasdaq.

Evernorth holds 388 million XRP tokens bought at an average price of $2.44, according to CryptoQuant data. The firm handles the custody, compliance, and security obligations that would be required if it purchased the cryptocurrency directly.

Animoca Brands

Animoca Brands is lining up a public debut in 2026, with plans to reach the Nasdaq via a reverse merger with Currenc Group, in a move that would put one of crypto gaming’s most prolific backers under the glare of public markets.

Headquartered in Hong Kong, Animoca has assembled one of the industry’s broadest Web3 gaming portfolios, holding stakes across dozens of tokenised games and metaverse ventures.

The proposed listing is widely viewed as a bellwether for investor appetite for metaverse-linked assets and gaming-driven crypto exposure.

Bithumb

Seoul-based crypto exchange Bithumb is reportedly targeting a public listing on South Korea’s main stock exchange in 2026.

Bithumb has tapped Samsung Securities as lead underwriter for the initial public offering, people familiar with the matter told Bloomberg. The move sets the stage for a high-profile test of investor appetite for crypto-linked equities in Asia.

With an estimated 18 million crypto users nationwide, Bithumb’s IPO could signal a new phase of institutionalisation in Asia’s most retail-driven crypto market.

Crypto market movers

• Bitcoin is down 1.2% over the past 24 hours, trading at $88,934.
• Ethereum is down 2.4% past 24 hours at $2,927.

What we’re reading

• Trump sues JPMorgan Chase over alleged debanking in $5b lawsuit: reports — DL News
• Brian Armstrong defends Bitcoin in tiff with French central banker — DL News
• Bitcoin Rebounds After Trump’s Truth Social Post Eases Tariff Fears — Unchained
• Credit spreads still whisper calm — Milk Road
• Why BlackRock’s Larry Fink wants the entire financial system on ‘one common blockchain’ — DL News

Eric Johansson and Lance Datskoluo both cover markets for DL News. Got a tip? Email them at eric@dlnews.com and lance@dlnews.com.