Gemini Appoints New CFO as It Prepares for Potential IPO
Crypto alternate Gemini has tapped Dan Chen, who beforehand labored at Affirm, MetLife Investments, and Morgan Stanley, as its new Chief Financial Officer (CFO).
The new CFO’s appointment comes amid rumors of a possible Gemini preliminary public providing (IPO).
Gemini’s New CFO and Potential IPO
Dan Chen, Gemini’s new CFO, beforehand served as Vice President at Affirm, the place he was accountable for capital markets and banking partnerships. Additionally, Chen has additionally labored at MetLife Investments and Morgan Stanley.
In a submit on X (previously Twitter), Chen described cryptocurrencies as probably the most dynamic sector in finance and emphasised that Gemini is on the forefront of this revolution.
“I’m looking forward to helping Gemini scale by driving financial strategy as the company enters its next phase of growth. Let’s build!” he wrote.
Chen’s appointment as CFO comes at a important time, with rumors of an preliminary public providing (IPO) swirling. Sources accustomed to the matter have indicated that Gemini is already discussing with Goldman Sachs and Citigroup to make an IPO a actuality as early as this 12 months.
The path to an IPO has been made clearer after the US Securities and Exchange Commission (SEC) dropped its investigation into Gemini in February. This, mixed with resolving a dispute with the US Commodity Futures Trading Commission (CFTC) earlier in January, has probably eliminated main obstacles for the platform.
In addition to those authorized developments, Gemini’s co-founders, Cameron and Tyler Winklevoss, have labored to strengthen ties with political figures. They additionally participated within the first-ever Crypto Summit on the White House. This may present additional help as the corporate seeks favorable circumstances for its IPO.
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