Nasdaq Gemini Prepares for IPO with $50M Backing

Nasdaq is stepping deeper into the crypto world. Bitcoin Magazine reported on Twitter, the exchange is investing $50 million in Gemini, the crypto platform founded by Cameron and Tyler Winklevoss. At the same time, Gemini is also planning to go public on Nasdaq. The company hopes to raise around $317 million from its IPO.

This move shows that traditional finance and crypto are getting closer together. Also, it gives both Nasdaq and Gemini a chance to offer more services to their clients.

What the Investment Means

Nasdaq’s $50 million is not just money. It is part of a strategic partnership. For example, Nasdaq’s clients will now have access to Gemini’s crypto custody and staking services. Meanwhile, Gemini’s big clients can use Nasdaq’s Calypso platform to deal with and track trading collateral.

In other words, both the sides benefit. Nasdaq can expand its crypto services. Gemini gets access to more financial tools and support. Overall, this partnership is a big step for the crypto industry.

Gemini’s IPO Plans

Gemini is planning to list on Nasdaq under the ticker “GEMI.” They will offer 16.67 million shares, priced between $17 and $19. If all goes as planned, Gemini could reach a value of $2.22 billion.

Also, Goldman Sachs and Citigroup are helping as lead underwriters. They will connect Gemini with investors and guide the IPO process. This public debut will mark a big milestone for the exchange.

Timing in the Market

Gemini is going public at a good time. U.S. stock markets are active, and investors are looking for new opportunities. For example, recent IPOs like Figma and Firefly Aerospace attracted strong interest.

Because of this, Gemini has a good chance to attract investors. Also, Nasdaq’s $50 million investment gives extra confidence in the exchange and its future.

Gemini’s Growth and Challenges

Gemini started in 2014 and has grown quite a lot. Today, it deals with $21 billion in assets and has had $285 billion in trading volume.

However, growth has not been easy. Gemini reported a net loss of $282.5 million in the first half of 2025. This shows that even big crypto exchanges face a lot of challenges in always making profits.

Still, Nasdaq’s support gives Gemini stability. It shows confidence in Gemini’s ability to grow and look into both retail and institutional clients.

Why This Is Important

This partnership is important for a lot of reasons. First, it joins traditional finance with crypto, making digital assets easier to access. Second, it makes Gemini stronger just before its IPO.

Finally, it shows that major financial institutions are taking crypto more seriously. By working together, Nasdaq and Gemini help make digital assets more mainstream.

Looking Ahead

Gemini’s IPO is just the start. With Nasdaq’s support, the exchange can build more and improve its services. Investors, crypto users and developers can expect more safe, reliable, and easy-to-use services soon.

Also, this shows an even bigger trend. That traditional finance is getting involved in crypto more and more. As more partnerships happen, digital assets may become a quite normal part of investing and trading.