Nasdaq Invests $50 Million in Gemini’s Upcoming IPO

Nasdaq is positioning itself as a strategic partner for Gemini's anticipated Initial Public Offering, committing $50 million in a private placement. The crypto exchange, founded by the Winklevoss twins, plans to offer 16.7 million shares priced between $17 and $19, aiming to raise approximately $317 million under the ticker "GEMI."

The collaboration grants Nasdaq's clients access to Gemini's custody and staking services, while institutional traders on Gemini gain entry to Nasdaq's Calypso platform for collateral management. Market conditions remain a variable, with sources emphasizing the non-exclusive nature of the partnership.

Gemini's S-1 filing reveals the stock purchase agreement with Nasdaq, set to finalize immediately post-IPO. The deal terms align the per-share price with the public offering price minus underwriting discounts—a MOVE signaling growing institutional confidence in crypto infrastructure.