Cryptocurrency exchange Gemini has made a significant leadership change, bringing on a new Chief Financial Officer as whispers of a potential public offering grow louder in financial circles.

Dan Chen, formerly the vice president of capital markets at Affirm, has stepped into the CFO role at Gemini. Chen announced his appointment through social media, expressing enthusiasm about joining the cryptocurrency sector.

“Crypto is the most dynamic sector in finance and Gemini is at the forefront of this revolution — making it simple and secure to engage on the digital asset frontier,” Chen wrote in his post.

The strategic hire comes at a pivotal moment for Gemini, as the company reportedly explores the possibility of an initial public offering. Chen will work closely with the exchange’s co-founders, Cameron and Tyler Winklevoss, to scale operations and navigate potential next steps toward public markets.

If Gemini proceeds with an IPO, it would join a select group of crypto-native companies considering listings on U.S. stock exchanges. Other firms reportedly exploring similar paths include Kraken, Circle, Bullish, and Blockchain.com.

While Gemini hasn’t officially confirmed its IPO intentions, bringing aboard a finance executive with Chen’s background in capital markets suggests the company may be laying groundwork for this significant transition. A public offering would provide Gemini with expanded access to capital while introducing new regulatory oversight and transparency requirements.

The timing of this leadership addition aligns with broader maturation trends in the cryptocurrency industry, as established players seek more traditional financial structures and institutional acceptance.