As Gemini, the Winklevoss twins’ crypto exchange, prepares for its highly anticipated IPO, Nasdaq has stepped in as a major backer—committing $50 million through a private share placement. This significant move doubles as both an investment and a strategic collaboration.
Under the terms of the deal, Nasdaq will acquire shares at the time of Gemini’s public listing, helping fuel the $317 million capital raise at a valuation of around $2.2 billion. Beyond financing, the pact sets the stage for operational integration: Nasdaq clients will soon gain access to Gemini’s custody and staking services, while Gemini’s institutional clients will be granted usage of Nasdaq’s Calypso platform for managing trading collateral.
The partnership underscores a growing convergence between traditional finance and crypto infrastructure—positioning Gemini’s upcoming Nasdaq debut under the ticker GEMI to be more than just another IPO, but a symbol of institutional-grade integration in the digital asset space.
