Gate exchange opened IPO Access for Jersey Mike's, the U.S. sandwich chain, under the ticker JMKE, allowing users to submit intent subscriptions using either USDT or GUSD starting at 02:00 UTC.
The offering lets Gate users participate in the company's initial public offering process through the exchange's platform rather than through a traditional brokerage, part of a broader push by crypto exchanges to offer tokenized or crypto-funded access to traditional equity IPOs.
How the Subscription Process Works
Gate's announcement directed users to submit an intent subscription ahead of the IPO Access window opening, describing the process in a step-by-step guide covering how to fund the subscription with either USDT or its GUSD stablecoin. The exchange framed the offering as a limited-time opportunity, counting down the hours before the access window opened.
By accepting both USDT and its own GUSD stablecoin as funding options, Gate is positioning the IPO access product as an extension of its existing stablecoin ecosystem, giving users already holding either asset a direct path into the subscription without needing to convert funds through a separate broker.
Part of a Wider Trend Toward Crypto-Funded IPO Access
Offering IPO subscription access funded by stablecoins reflects a growing effort among crypto exchanges to bridge traditional capital markets activity with crypto-native user bases. For traders who hold most of their capital in stablecoins, this kind of product removes a conversion step that would otherwise be required to participate in a conventional equity IPO through a traditional brokerage account.
Gate did not disclose the size of the JMKE offering, the subscription price range, or the allocation process it will use once the intent subscription window closes.
