Key Takeaways:
- Publicly listed company DDC Enterprise partners with Gemini to strengthen its BTC treasury operations.
- Gemini offers cryptocurrency exchange and custody services led by the Winklevoss twins.
- DDC Enterprise currently holds 1,008 BTC worth over $112 million.
Publicly listed company DDC Enterprise Limited (DDC) announced a new collaboration with Gemini Trust Company to enhance the security and trading of its Bitcoin (BTC) treasury operations.
DDC’s core business operations consist of a global Asian food platform, managing and expanding a portfolio of culinary brands. However, it is on its path to becoming a BTC treasury company. Currently, DDC holds 1,008 BTC according to BitcoinTreasuries.net.
The reason behind the partnership with Gemini is for DDC to access institutional-grade custody and trading infrastructure. Gemini, which offers exchange and custody services in 60 countries, was launched by Cameron and Tyler Winklevoss. They are popularly known for suing Meta’s (formerly Facebook) Mark Zuckerberg.
Norma Chu, the founder, chairwoman, and CEO of DDC, said-
This collaboration with Gemini marks a critical evolution in our Bitcoin treasury approach. Gemini’s expertise in secure custody and advanced trading technology enables us to optimize our Bitcoin holdings with confidence and precision.
Marshall Beard, Gemini’s COO, highlighted the significance of the move:
DDC Enterprise is setting a new standard for corporate Bitcoin treasury management, and we are proud to provide the secure, compliant, and innovative infrastructure needed to support their ambitious vision.
Why It Matters for DDC
Corporate Bitcoin Strategy: On the basis of successful partnerships with other publicly listed companies, DDC’s corporate treasuries will be empowered with the help of Gemini’s expertise and digital asset strategies.
Enhanced Security: Gemini provides regulated custody, powerful trading tools, and compliance frameworks to help DDC protect its holdings.
Operational Agility: The cooperation enables DDC to more efficiently adjust its BTC portfolio in response to market changes.
The announcement between DDC and Gemini highlights the partnership between publicly listed companies adopting BTC treasuries and core crypto-based companies. These partnerships will keep on increasing as long as we see a surge in demand for crypto treasuries.
