Gemini Files for Nasdaq IPO with $150 Million Credit Line from Ripple

On August 15, 2025, Gemini announced its filing for a Nasdaq initial public offering (IPO) under the ticker symbol GEMI. As part of its IPO preparation, Gemini has secured a substantial credit line worth $150 million from Ripple, established via an agreement signed in July 2025. This credit line is linked to Ripple's stablecoin RLUSD, providing Gemini with solid financial stability.

The IPO process is receiving financial oversight from leading institutions including Goldman Sachs, Citi, Morgan Stanley, and Cantor, demonstrating the seriousness and strength behind Gemini's public debut.

This strategic partnership signals increasing collaboration among major crypto firms and positions Gemini favorably amid growing market interest and competition from other crypto-related public offerings.

Despite the regulatory challenges facing the crypto sector, leadership at Gemini is optimistic about their capacity to expand and innovate post-IPO.

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