2026-01-23 08:06:23

The crypto custody space is heating up. After First Circle, Ledger is now gearing up for a New York IPO—and the valuation is massive: over $4 billion.

Think about this: Ledger already holds more than $100 billion in Bitcoin across its user base. They're not some small startup anymore. They're a heavyweight moving to Nasdaq/NYSE, signaling something bigger is happening in Web3 finance.

What's striking? Self-custody went from being viewed as a fringe thing that only hardcore crypto believers cared about. Now it's shaping up as a legitimate, multi-billion-dollar sector. These IPO filings aren't just corporate milestones—they're validation that decentralized ownership of digital assets has entered the mainstream financial conversation.

The 2026 IPO race is just getting started. Watch this space.

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ZenMiner

· 13h ago

Wait, ledger 4b valuation listing? 100b BTC in hand... Is this really not a dream? --- Self-custody is moving from niche to mainstream, and this cycle definitely feels a bit different. --- NGL I've been optimistic about this sector for a long time. If the 2026 IPO wave kicks in, I need to study and buy the dip carefully. --- Mainstream finance is finally starting to take our stuff seriously, which is a bit nostalgic to think about. --- 100b BTC custody volume... This traffic is truly frightening, ledger has really become a gold mine. --- From geek toys to a listed company, witnessing the whole process is quite emotional. --- The IPO race has begun, who will be the next?

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AmateurDAOWatcher

· 13h ago

The listing of Ledger... has been obvious for a while. The shift from self-custody being niche to mainstream is exactly like this. A $4B valuation isn't a big deal; what's important is the change in mindset it represents. Have you felt it? If Nasdaq really takes on this deal, the traditional financial sector will have to reevaluate the entire Web3 space.

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BlockTalk

· 13h ago

Ledger going public is honestly quite interesting... Holding 10 billion dollars worth of Bitcoin, it's really not a small player anymore. Not gonna lie, it's a bit surprising that self-custody has gone from niche to this stage. A $4 billion valuation? It feels like it will continue to skyrocket. Wait, can Ledger really withstand this wave of popularity... Mainstream acceptance of self-managed wallets, this should have happened a long time ago. Choosing this timing in 2026 was brilliant, very strategic. I'm just worried that after going public, they might underperform... Who can say for sure? Crypto has moved out of its wild growth phase, and it's a bit uncomfortable haha.

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OffchainOracle

· 13h ago

Ledger going public is really a signal, as self-custody has moved from the geek circle to the mainstream. --- A valuation of 40 billion? It shows that institutions have already been布局, while we retail investors are still debating whether to adopt self-custody. --- Holding 10 billion in BTC… If it goes public, it will truly be an officially certified treasury. --- How much money will flow in by 2026? It feels like it will explode. --- From niche to mainstream, this is a sign of mass adoption. --- Self-custody is taking off. With so much money, no wonder everyone is rushing in this direction.

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