Crypto trade Gemini has appointed a brand new chief monetary officer because it positions itself for a possible preliminary public providing.
The corporate’s newest rent, Dan Chen, who beforehand served as vp of capital markets at Affirm, introduced the transfer in a social media publish.
“Crypto is probably the most dynamic sector in finance and Gemini is on the forefront of this revolution — making it easy and safe to have interaction on the digital asset frontier,” Chen wrote within the publish.
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 larger entry to capital whereas subjecting the corporate to the transparency necessities of public markets.
Learn 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, will probably be a part of a small however rising variety of crypto-native firms contemplating an IPO within the U.S. inventory exchanges, together with Kraken, Circle, Bullish (dad or mum firm of CoinDesk) and Blockchain.com
Gemini has not formally confirmed its IPO plans, however the appointment of a CFO with intensive expertise in monetary technique means that preparations could also be underway.
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