Ripple Partnership Anchors Gemini’s IPO Bid With RLUSD-Backed Financing
Gemini Space Station Inc., the parent of Gemini Trust Company, has filed with the SEC for a Nasdaq listing under the ticker GEMI.
The IPO filing highlights Gemini’s expansion beyond its crypto exchange into custody, OTC trading, stablecoin issuance, and a crypto rewards credit card. A key feature of the disclosure is a Ripple Credit Agreement that gives Gemini access to up to $150 million in structured financing, with initial borrowing tranches starting at $5 million.
Once usage exceeds $75 million, Gemini can also request loans in Ripple’s RLUSD stablecoin, tying liquidity directly to blockchain-based assets. The facility, carrying interest rates of 6.5%–8.5%, underscores the growing convergence of traditional credit structures and digital finance as Gemini prepares to enter public markets.
Clever Robot News Desk 18th August 2025
