Key Takeaways
- Gemini is targeting a $317 million IPO, with Nasdaq investing $50 million.
- The partnership enables Nasdaq to integrate Gemini’s custody and staking services. It also allows Gemini clients to gain access to Nasdaq’s Calypso collateral management platform.
- The move highlights Nasdaq’s growing commitment to tokenised securities. It also sheds light to Gemini’s role in pushing blockchain-based modernisation of the financial markets.
Nasdaq has struck a strategic partnership with Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss. This power move combines Wall Street credibility with crypto-native services. According to the announcement, the U.S. stock exchange operator will invest $50 million in Gemini’s upcoming initial public offering (IPO), helping the firm raise as much as $317 million.
The deal marks a significant convergence between traditional finance and digital assets. Alongside the investment, Nasdaq is expected to integrate Gemini’s custody and staking services, while Gemini’s institutional clients will gain access to Nasdaq’s Calypso platform for trading collateral management.
Details of the Deal
Gemini’s IPO is expected to be one of the most closely watched listings in the crypto sector this year. Sources mention that Nasdaq’s $50 million share purchase will be completed via a private placement along with the offering.
The partnership provides clear strategic value on both sides. For Nasdaq, the move is an entry point into regulated crypto services. In a time when institutional demand for custody, staking, and tokenised products is climbing, this is good news. For Gemini, Nasdaq’s backing offers validation from one of the world’s largest stock exchange groups. It also enhances confidence among institutional investors.
While final terms are still subject to market conditions, the partnership would effectively tie Gemini’s infrastructure to Nasdaq’s emerging tokenised securities strategy.
Nasdaq Expands Its Tokenisation Push
The announcement comes just one day after Nasdaq revealed its plans to deepen involvement in tokenized securities — blockchain-based versions of traditional stocks. The exchange has already filed with the U.S. Securities and Exchange Commission (SEC) to amend its rules to allow such products to trade on regulated markets.
Nasdaq has been vocal about its concerns regarding unregulated tokenized stock platforms, particularly those operating in Europe. By partnering with Gemini, Nasdaq positions itself to offer tokenized securities through a regulated exchange-backed channel.
This strategy reflects a broader shift as global exchanges adapt blockchain to modernize trading and settlement processes. Tokenization promises to bring faster settlement, lower costs, and greater accessibility to financial products.
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Gemini’s Tokenized Securities Business in Europe
Gemini has been running tokenized stock products in Europe since June, including offerings that allow investors to trade tokenized shares of companies such as Michael Saylor’s MicroStrategy (MSTR). The exchange argued that “traditional financial rails are hard to access and in need of modernization,” presenting tokenization as a solution.
The move placed Gemini among the first U.S.-founded exchanges to provide regulated access to tokenized securities in the European Union. It also came ahead of Robinhood’s own rollout of tokenized U.S. stocks and ETFs for European clients, launched later the same month.
As more platforms enter the space, Gemini’s partnership with Nasdaq could prove vital in scaling its tokenized securities operations globally and in aligning with mainstream institutional standards.
Market Impact and Institutional Implications
The collaboration is more than symbolic. Gemini’s crypto-native custody and staking blends well with Nasdaq’s global trading infrastructure. Both are betting on a future where digital assets and traditional securities coexist seamlessly.
For institutional investors, the partnership could streamline access to tokenised products. It also improves collateral management and builds trust in crypto-linked services. With $317 million expected to be raised in its IPO, Gemini is positioning itself as a bridge for blockchain innovation and TradFi infrastructure.
The timing also reflects shifting sentiment in the U.S. market. Regulators are gradually providing more clarity around digital assets with the GENIUS ACT enacted and the Clarity Act underway. Indeed, tokenisation has emerged as one of the most promising institutional use cases for blockchain technology. To stay updated on crypto funding news and trends, visit our fundraising area for more insights.
