An American crypto exchange and custodian founded in 2014 by Cameron and Tyler Winklevoss — among the earliest Bitcoin investors. Today, the platform has over 523,000 active users and about 10,000 institutional clients across more than 60 countries. Assets under custody exceed $18 billion, trading volume has surpassed $285 billion, and total transactions amount to nearly $800 billion.
The company seeks to raise $300 million, making Gemini’s IPO one of the most notable crypto listings of 2025.

Financial and product ecosystem — beyond its core exchange, Gemini offers OTC trading, derivatives, staking, institutional-grade custody solutions, a New York–regulated stablecoin, a crypto credit card, and an NFT platform.
Strong investors and licenses — Gemini was among the first in the U.S. to obtain New York trust company status and MTL licenses, enabling operations across all 50 states.
Security and trust — all client assets are held on a full-reserve (1:1) basis, underscoring the platform’s transparency and reliability.

IPO Gemini — one of the most anticipated listings in the crypto sector. The deadline for applications and account funding is Thursday, 6:00 PM (UAE time).

Gemini offers a rare opportunity to invest in a global crypto exchange and custodian founded by the Winklevoss twins. The company serves hundreds of thousands of users and institutional clients worldwide. At IPO, Gemini is targeting a valuation of around $2.2 billion, making it one of the largest crypto listings of 2025.

Institutional focus: New York trust company license and MTL licenses enabling operations across all 50 U.S. states.
Ecosystem: Gemini crypto exchange + institutional-grade custody services + OTC trading + derivatives + staking + native stablecoin (GUSD) + NFT platform Nifty Gateway.
Strong metrics: over 523,000 active users, ~10,000 institutional clients, more than $18B in assets under custody, $285B in trading volume, and $800B in transactions.
High demand: IPO is targeting a ~$2.2B valuation with $300M to be raised, ranking among the largest crypto listings of 2025.

Gemini was founded in 2014 by Cameron and Tyler Winklevoss — among the earliest and most well-known Bitcoin investors. After their dispute over involvement in the creation of Facebook, they turned their focus to cryptocurrencies, seeing them as the future of financial markets. Their goal was to build a platform that could combine the innovation of the crypto space with the strict regulatory standards of traditional finance.

From the very beginning, Gemini stood out for its regulatory-first approach: it was among the first in the U.S. to obtain New York trust company status and Money Transmitter Licenses (MTLs), enabling operations across all 50 states. This sent a strong signal to regulators and institutional clients that Gemini was positioning itself as a reliable and law-abiding player in the often chaotic crypto industry.

The name Gemini (“Twins”) reflects not only its founders but also the idea of “duality” — bridging traditional finance and digital assets. The exchange built its model on security and transparency, introducing the full-reserve (1:1) principle: all client assets are held in full and are always available for withdrawal.

Over the past decade, Gemini has evolved from a startup focused on Bitcoin trading into a full-fledged crypto platform with a broad ecosystem. In addition to its core exchange, the company launched services for OTC trading, derivatives, institutional-grade custody, as well as its own stablecoin — Gemini Dollar (GUSD). In 2019, the ecosystem expanded further with Nifty Gateway, an NFT platform that quickly gained traction among digital art collectors.

Today, Gemini remains one of the most regulated crypto exchanges in the U.S., serving both retail and institutional clients, and is regarded as a project that helped lay the foundation of trust between traditional finance and the crypto market.

Now the company is preparing for an IPO in the U.S., targeting a valuation of around $2.2 billion and aiming to raise $300 million. For investors, this represents an opportunity to back one of the most regulated and reliable crypto projects built for the institutional segment. The IPO of Gemini is set to become a key indicator of investor appetite for crypto infrastructure as the sector enters a new growth phase.

— What is an IPO?
An IPO (Initial Public Offering) is when a private company lists its shares on a stock exchange for the first time to raise capital from investors. From that point onward, the company’s shares can be freely bought and sold on the open market.

— Where are IPOs conducted?
IPOs take place on the world’s largest stock exchanges. In the U.S., the primary venues are the NYSE (New York Stock Exchange) and NASDAQ. Once a company goes public, its shares are freely traded on these exchanges, and the market price is established after the offering.

— What is allocation?
Allocation (from “allocation” — distribution) refers to the process of distributing resources, assets, or capital for maximum efficiency. In investing, allocation usually means distributing the available amount of shares among investors in an IPO or private placement.

— How much allocation does an investor receive?
The allocation size depends on the specific deal and typically ranges from 2% to 30% of the submitted order. Information about the actual allocation becomes available roughly one day before the offering, approximately six hours prior to the trade.

Example — Bullish IPO:
An investor placed an order for $10,000. The allocation was 29.6%, meaning $2,960 was invested in the IPO. The remaining $7,040, including the purchase commission, was refunded to the balance and became available for withdrawal.

— Why do companies go public?
To raise growth capital, increase brand visibility, and provide early investors and employees with an opportunity to sell part of their shares.

— How is participating in an IPO different from buying shares on the exchange?
When you participate in an IPO, you buy shares before they start trading publicly. This provides an opportunity to purchase at the fixed offering price but also carries the risk that the price may drop once trading begins.

— What do I get by participating in an IPO through Regolith?
You become an investor in the company at the IPO stage via our U.S. partner infrastructure. After the transaction is completed and the lock-up period expires, profits from the share sale are distributed among investors proportionally to their stake in the deal.

— What is a lock-up period and how long does it last?
A lock-up period is a timeframe set by the issuer and underwriters during which shares cannot be sold. For IPOs offered through our platform, this period is 93 days. Once it ends, the shares are sold on the exchange and proceeds are distributed among investors.

— How is participating through the platform different from buying shares independently?
To buy independently, you would need access to a U.S. broker, a significant investment amount, and approval from underwriters. The platform pools capital from investors, providing access to IPOs that are otherwise unavailable to most individuals.

— Through whom is IPO participation carried out?
We operate through a U.S.-based structure that works with a licensed broker in the U.S. Our partner selects promising IPOs and participates in the offering under its own name.

— How is the deal structured legally?
An investor signs an agreement/offer to participate in the investment product. Regolith then transfers funds to its partner entity — Wealthy Labs Limited (the provider), which enters into a forward contract with the broker and executes all operational activities. The provider delivers the financial outcome to Regolith, which then distributes proceeds among investors.

— Is there a minimum investment amount?
Yes. Each IPO has a defined minimum entry threshold, shown on the offering page. On average, Regolith provides access starting from $500.

— Do I receive shares into my personal brokerage account?
No. Shares are purchased and held in the partner’s brokerage account. After the lock-up period, the broker sells the shares and transfers proceeds for distribution among investors.

— Can shares be transferred directly to my brokerage account?
No. Participation is structured via a forward contract with the partner’s brokerage infrastructure. The deal is executed on behalf of the partner, and settlements with investors are carried out through the platform.

— How can I sell my shares after the IPO?
Sales are processed automatically: once the lock-up expires, the partner broker sells the shares on the exchange, and proceeds are distributed proportionally among investors.

— What are the risks of investing in IPOs?
IPOs are high-risk investments. While they may offer high returns, they also carry significant volatility. Share prices on the first trading day — and after the lock-up — can fluctuate sharply. There is a risk that the market price will fall below the offering price. In addition, macroeconomic and sector-specific factors can affect outcomes.

— Can I know in advance how much I will earn?
IPO returns are not guaranteed. The final result depends on the share price at the time of sale after the lock-up, overall market conditions, and the company’s performance.

— How can I verify that Regolith participates in IPOs?
We publish all available deal information in the client dashboard. Additionally, we provide an agreement disclosing the infrastructure used for transactions. Broker and partner documents are not shared, as they contain confidential data protected by contractual obligations.