# Figure and Gemini Pursue IPOs Amidst Expanding Crypto Capital Markets ▴ News

**Published:** 2025-09-02
**Categories:** News

---

The burgeoning activity within the crypto Initial Public Offering sector fundamentally reshapes the systemic architecture of digital asset markets. This influx of public capital through entities like Figure Technology Solutions and Gemini elevates market liquidity and broadens the investor base beyond traditional crypto-native participants. It introduces a new layer of regulatory scrutiny and transparency, aligning digital asset firms with established financial reporting standards.

The participation of major financial underwriters signifies a deeper integration of traditional finance into the digital asset ecosystem, enhancing the credibility and accessibility of these emerging asset classes for institutional portfolios. This strategic evolution fosters a more robust and regulated environment, critical for long-term systemic stability and growth.

The accelerated pace of crypto IPOs represents a critical phase transition in market structure, validating digital asset enterprises within mainstream capital frameworks and attracting diversified institutional investment.

- **Figure IPO Target** ▴ $526 million

- **Gemini IPO Target** ▴ $361 million

- **Figure H1 2025 Net Income** ▴ $29 million

- **Gemini H1 2025 Net Loss** ▴ $282.5 million

Signal Acquired from ▴ <a href="https://www.theblock.co/post/369119/crypto-ipo-market-heats-up-with-figure-seeking-500-million-gemini-over-300-million?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" target="_blank" rel="nofollow">The Block</a> 

**Tags:** [Financial Performance](https://options.greeks.live/area/financial-performance/), [Utility Token](https://options.greeks.live/area/utility-token/), [Public Listing](https://options.greeks.live/area/public-listing/), [Digital Asset](https://options.greeks.live/area/digital-asset/), [Institutional Investment](https://options.greeks.live/area/institutional-investment/), [Capital Markets](https://options.greeks.live/area/capital-markets/)	

## Discover More

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### [XRP Reclaims Top 100 Global Asset Status; Bitcoin Contends with Silver](https://options.greeks.live/news/xrp-reclaims-top-100-global-asset-status-bitcoin-contends-with-silver/)
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XRP's re-entry into the top 100 global assets signals a systemic re-evaluation of digital asset utility and market structure against traditional benchmarks.

- 
### [Bitcoin Smashes All-Time High, Surpasses Google Market Value](https://options.greeks.live/news/bitcoin-smashes-all-time-high-surpasses-google-market-value/)
![A stylized RFQ protocol engine, featuring a central price discovery mechanism and a high-fidelity execution blade. Translucent blue conduits symbolize atomic settlement pathways for institutional block trades within a Crypto Derivatives OS, ensuring capital efficiency and best execution.](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-rfq-execution-for-digital-asset-derivatives.jpg)

Bitcoin's market cap revaluation signals a profound shift in digital asset perception and institutional integration, optimizing portfolio strategies.

- 
### [Avantis Token Price Surges with Soaring Open Interest](https://options.greeks.live/news/avantis-token-price-surges-with-soaring-open-interest/)
![A sleek, abstract system interface with a central spherical lens representing real-time Price Discovery and Implied Volatility analysis for institutional Digital Asset Derivatives. Its precise contours signify High-Fidelity Execution and robust RFQ protocol orchestration, managing latent liquidity and minimizing slippage for optimized Alpha Generation.](https://options.greeks.live/wp-content/uploads/2025/07/high-fidelity-institutional-digital-asset-derivatives-execution-via-optimized-rfq-protocols-enhancing-market-microstructure.jpg)

This analysis dissects the Avantis token's significant price surge, driven by escalating open interest and strategic platform expansions, providing insights into potential market dynamics.

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### [The Professional’s Guide to Valuing New Digital Assets](https://options.greeks.live/guide/the-professionals-guide-to-valuing-new-digital-assets/)
![Intersecting transparent planes and glowing cyan structures symbolize a sophisticated institutional RFQ protocol. This depicts high-fidelity execution, robust market microstructure, and optimal price discovery for digital asset derivatives, enhancing capital efficiency and minimizing slippage via aggregated inquiry.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-framework-for-optimal-market-microstructure-and-capital-efficiency.jpg)

Mastering the valuation of new digital assets requires a synthesis of traditional finance models and an understanding of network-driven value.

- 
### [Crypto Market Plunges over $100 Billion amid Global Tensions](https://options.greeks.live/news/crypto-market-plunges-over-100-billion-amid-global-tensions/)
![A precise system balances components: an Intelligence Layer sphere on a Multi-Leg Spread bar, pivoted by a Private Quotation sphere atop a Prime RFQ dome. A Digital Asset Derivative sphere floats, embodying Implied Volatility and Dark Liquidity within Market Microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-7.jpg)

This event highlights systemic vulnerabilities within digital asset markets, underscoring the critical need for robust risk management protocols and diversified institutional strategies.

- 
### [How Do Regulatory Frameworks Impact Multi-Venue Crypto Options RFQ System Design?](https://options.greeks.live/question/how-do-regulatory-frameworks-impact-multi-venue-crypto-options-rfq-system-design/)
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Regulatory frameworks fundamentally reshape crypto options RFQ system design, compelling robust compliance and architectural adaptability for superior execution.

- 
### [Gemini Stock Soars in Nasdaq Debut Signaling Strong Institutional Demand](https://options.greeks.live/news/gemini-stock-soars-in-nasdaq-debut-signaling-strong-institutional-demand/)
![A central glowing teal mechanism, an RFQ engine core, integrates two distinct pipelines, representing diverse liquidity pools for institutional digital asset derivatives. This visualizes high-fidelity execution within market microstructure, enabling atomic settlement and price discovery for Bitcoin options and Ethereum futures via private quotation.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-engine-microstructure-3.jpg)

This market event validates the robust architectural frameworks underpinning digital asset exchanges, offering institutional principals enhanced liquidity and a clear pathway for strategic capital deployment.

- 
### [What Is the Howey Test and How Does It Apply to Crypto?](https://options.greeks.live/question/what-is-the-howey-test-and-how-does-it-apply-to-crypto/)
![A central glowing core within metallic structures symbolizes an Institutional Grade RFQ engine. This Intelligence Layer enables optimal Price Discovery and High-Fidelity Execution for Digital Asset Derivatives, streamlining Block Trade and Multi-Leg Spread Atomic Settlement.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-microstructure-core.jpg)

The Howey Test is a U.S. legal framework that determines if a crypto asset is a security based on its investment-like characteristics.

- 
### [Bitcoin Surges 182% as Fed Balance Sheet Contracts](https://options.greeks.live/news/bitcoin-surges-182-as-fed-balance-sheet-contracts/)
![A complex, intersecting arrangement of sleek, multi-colored blades illustrates institutional-grade digital asset derivatives trading. This visual metaphor represents a sophisticated Prime RFQ facilitating RFQ protocols, aggregating dark liquidity, and enabling high-fidelity execution for multi-leg spreads, optimizing capital efficiency and mitigating counterparty risk.](https://options.greeks.live/wp-content/uploads/2025/07/sophisticated-multi-asset-rfq-architecture-visualizing-institutional-digital-derivatives-execution-liquidity-aggregation-and-prime-os-orchestration-for-high-fidelity-performance.jpg)

The systemic interplay between central bank quantitative tightening and Bitcoin's performance reveals its evolving role as a resilient, inflation-hedging digital asset, offering strategic portfolio diversification.

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---

**Original URL:** https://options.greeks.live/news/figure-and-gemini-pursue-ipos-amidst-expanding-crypto-capital-markets/
