Nasdaq Invests $50 Million in Gemini Ahead of IPO

Nasdaq is making a strategic $50 million investment in Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, as the platform prepares for its initial public offering. The deal positions Gemini to raise up to $317 million, with plans to list under the ticker "GEMI."

The partnership bridges traditional finance and digital assets, granting Nasdaq clients access to Gemini's custody and staking services while providing Gemini's institutional users with Nasdaq's Calypso collateral management platform. This move signals growing institutional confidence in crypto infrastructure despite market volatility.

Gemini maintains its position as a dominant U.S. crypto venue even after reporting a $282.5 million net loss in the first half of 2025. The exchange's IPO represents a milestone for industry legitimacy, coming at a time when regulated crypto-native firms are gaining traction over legacy financial institutions dipping into digital assets.