Winklevoss Brothers File Trust Application for Gemini Exchange

Entrepreneurs and investors Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York.

AccessTimeIconJul 24, 2015 at 1:46 p.m. UTC
Updated Sep 11, 2021 at 11:47 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Entrepreneurs Cameron and Tyler Winklevoss have filed an application for a limited liability trust company in New York.

The filing for Gemini Trust Company, if approved by the New York State Department of Financial Services (NYDFS), would enable the Winklevoss brothers to launch Gemini, their forthcoming bitcoin exchange product first announced in January.

The announcement notably follows itBit's May announcement that it received a trust company charter from the NYDFS. Under New York banking law, trust companies are financial institutions that, while unique from banks, are able to take deposits and issue loans.

Upon launch, Gemini will join itBit as the second bitcoin exchange to launch services in New York following the passage of the BitLicense earlier this year.

A spokesperson for the NYDFS confirmed the agency has received the application and that it is currently under review.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.