Gemini

Gemini, the crypto exchange founded by the Winklevoss twins, has received a $50M strategic investment from Nasdaq ahead of its IPO this week. Nasdaq aims to provide custodial services for financial institutions engaging with crypto, leveraging Gemini’s infrastructure. Gemini will become a key distribution partner for Nasdaq Calypso. This move follows Nasdaq’s SEC filing for tokenized stock trading, demonstrating a broader embrace of digital assets by traditional finance and aiming to maximize Gemini’s valuation. Gemini held over $21 billion in assets as of July.