Gemini Hires New CFO as It Prepares for Potential IPO

Crypto alternate Gemini has appointed a brand new chief monetary officer as it positions itself for a possible preliminary public providing.

The firm’s newest rent, Dan Chen, who beforehand served as vice chairman of capital markets at Affirm, introduced the transfer in a social media put up.

“Crypto is the most dynamic sector in finance and Gemini is at the forefront of this revolution — making it simple and secure to engage on the digital asset frontier,” Chen wrote within the put up.

Chen will work alongside Gemini co-founders Cameron and Tyler Winklevoss to assist scale the enterprise. The timing of the rent aligns with Gemini’s reported ambitions for an IPO, which would offer higher entry to capital whereas subjecting the corporate to the transparency necessities of public markets.

Read extra: Billionaire Winklevoss Twins-Backed Gemini Confidentially Filed for a U.S IPO: Bloomberg

If Gemini strikes ahead with the general public itemizing course of, it will likely be a part of a small however rising variety of crypto-native corporations contemplating an IPO within the U.S. inventory exchanges, together with Kraken, Circle, Bullish (mum or dad firm of CoinDesk) and Blockchain.com

Gemini has not formally confirmed its IPO plans, however the appointment of a CFO with in depth expertise in monetary technique means that preparations could also be underway.

Disclaimer: Parts of this text had been generated with the help from AI instruments and reviewed by our editorial workforce to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Policy.