Figure vs Gemini - Which is a Better Buy?
πππAll eyes will be on Figure and Gemini IPOs - Which is a Better Buy?
Let's break it down. This isn't just a numbers game. It is a clash of philosophies.
Figure $Figure Technology Solutions (FT Intermediate)(FIGR)$ business model is tokenising real world assets ( RWAs) such as mortgages, treasuries and loans on its Provenance Blockchain. It is like Wall Street meets Web 3.
Figure Financials (H1 2025) :
Revenue is USD 191 million. Profit: USD 29 million. YoY Growth : +22%
Valuation : Up to USD 4.6 billion
IPO Raise : USD 526 million
Backers : Goldman Sachs, Jefferies, Bank of America.
Edge: Already tokenised USD 50 billion in assets. Processing times slashed from 42 days to 10 days. This is infrastructure, not speculation.
Gemini $Gemini Group Global Corp.(GMNI)$ : The Gatekeeper
Business Model : Crypto exchange, custody, stablecoin (GUSD), institutional services. Built for compliance in a chaotic market.
Financials (H1 2025)
Revenue: USD 67.9 million. Loss: - USD 282.5 million. YoY Decline : - 8.6%.
IPO raise: USD 317 million
Backers : Goldman Sachs, Citi and Morgan Stanley.
Edge: Regulatory first approach, expanding into Europe under MiCA. But bleeding cash and losing market share.
Circle IPO (June 2025)
Raised USD 1.2 billion
First Day Pop: +168%
Narrative: Circle $Circle Internet Corp.(CRCL)$ was the poster child for regulatory alignment in crypto. As the issuer of USDC, it positioned itself as the stablecoin standard - bringing TradFi and DeFi with clarity and trust.
Investor sentiment : Strong. Circle's profitability, transparency and role in tokenised dollars made it a safe bet in a volatile space.
Are Figure, Gemini and Circle Similar?
Yes: All 3 are compliance forward, Blockchain narrative and riding the wave of regulatory clarity under the Trump Administration.
No: Circle was already a cornerstone of crypto finance. Gemini is trying to recover its footing. Figure is building something new from ground up.
Concluding Thoughts
Circle IPO was the crypto grown up: profitable, trusted and regulatory royalty.
Gemini IPO is the comeback kid - lean and still nursing losses.
Figure IPO is the dark horse - profitable, backed by Goldman Sachs and building the foundation for tokenised lending.
All 3 Companies ride the compliance wave but only Figure feels like the next infrastructure legend.
Circle was the dollar. Figure might be the future. Gemini still has to prove itself.
The Verdict
If you are betting on reinvention, profitability and real world utility, Figure is the stronger buy. It is not just surviving, it is scaling.
Gemini, while noble in its compliance first ethos, is fighting uphill against losses and a shrinking crypto pie.
Figure is building the foundation. Gemini is guarding the gate. One is profitable. The other is principled but bleeding.
Given the choice, I would prefer to invest in Figure as RWAs are the future of crypto revolution where real assets are made liquid and transparent, a Trillion Dollar market potential where legacy meets Web3.
@Tiger_comments @TigerStars @Tiger_SG @CaptainTiger @TigerClub
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- snixyΒ·2025-09-08TOPFigure has potential1Report