Gemini (ticker: GEMI.US), a portfolio company of Oak Grove Ventures, officially commenced trading on NASDAQ on September 12th. With an IPO price of 28 per share, the listing raised 425 million through the issuance of approximately 15.2 million shares, achieving a final market capitalization of $3.801 billion on the first day. As the third comprehensive crypto asset service platform to go public in the United States, this milestone signifies significant recognition of regulated crypto financial services by traditional capital markets.
Headquartered in New York, Gemini operates as a regulated crypto asset service platform, offering core services including cryptocurrency trading, asset custody, compliance consulting, and institutional-grade crypto solutions. It supports services for over 70 crypto assets and serves individual and institutional users across more than 70 countries and regions globally. Its competitive strength lies in stringent compliance frameworks and security standards, holding ISO/IEC 27001 certification and being the world’s first crypto service institution to simultaneously obtain SOC 1 Type 2 and SOC 2 Type 2 certifications, focusing on providing end-to-end regulated crypto asset services for diverse user groups.
Oak Grove Ventures is an early-stage venture capital firm specializing in investments in cutting-edge technology sectors including Web 3.0, artificial intelligence, and biotechnology. To date, it has invested in over 60 high-quality projects and 10 funds, covering frontier technology initiatives like SpaceX and Neuralink, as well as Web3 enterprises including Winking Studios, Consensys, and Alchemy Pay.
‘The successful listing of Gemini is not only a highlight in its own development but also a strong validation of our investment philosophy,’said Shawn Shi, Co-founder of Oak Grove Ventures. “We are honored to have participated in Gemini’s early – stage development and witnessed its journey to the globally renowned NASDAQ financial stage.’
Looking forward, Gemini will leverage NASDAQ’s capital platform and its own compliance advantages to further expand the global crypto service ecosystem. Meanwhile, Oak Grove Ventures will continue to focus on frontier technology sectors, seeking and supporting more promising enterprises like Gemini that combine innovation with compliance awareness, jointly driving technological progress and industrial upgrading.
About Gemini
Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure.
X: https://x.com/Gemini
About Oak Grove Ventures
Oak Grove Ventures is a Singapore-based fund with $60 million in capital that focuses on early stage investment in crypto. Founded by founders for founders. Oak Grove Ventures invests financial and human capital in visionary founders. Previously operating as a family office, Oak Grove Ventures has a proven track record of having supported over 50 projects and 10 funds in the past.X: https://x.com/OakGroveVC
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