WallStreet406

JUST IN: Nasdaq Enters Strategic Crypto Partnership

* 🔺Nasdaq is investing $50 million in Gemini as part of a private placement tied to Gemini’s upcoming IPO, according to sources cited by Reuters.
* 🔺The deal forms a strategic partnership:
* Nasdaq clients gain access to Gemini’s crypto custody and staking services.
* Gemini’s institutional users gain access to Nasdaq’s Calypso platform for managing trading collateral.
* 🔺Gemini’s IPO is aiming to raise up to $317 million and will trade under the ticker “GEMI”.
* 🔺This move builds on Gemini’s rise following notable recoveries for its customers – it reports $21 billion in assetsand has handled $285 billion in trading volume, though it posted a $282.5 million net loss in the first half of 2025.

🔸 Nasdaq to invest $50M in Gemini as part of its IPO journey.
🔸Forms a symbiotic strategic partnership.
🔸Gemini aims to raise $317M, debuting as “GEMI” on Nasdaq.
🔸Highlights growing institutional confidence in digital assets and infrastructure integration.

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