Gemini IPO Gets Major Boost as Nasdaq Commits $50M
Nasdaq is moving to strengthen its foothold in the digital asset industry with a $50 million investment in Gemini’s upcoming initial public offering (IPO), a move that signals the exchange operator’s deepening commitment to crypto markets.
Gemini’s Market Debut
According to filings with the U.S. Securities and Exchange Commission (SEC), Nasdaq will purchase $50 million worth of shares in Gemini Space Station Inc. through a private placement. The transaction is scheduled to close immediately following Gemini’s IPO on September 12, 2025. The crypto exchange, founded by Cameron and Tyler Winklevoss, plans to list 16.7 million shares under the ticker “GEMI” at a price range of $17 to $19, potentially raising around $317 million.
Gemini is expected to begin trading on Nasdaq by Friday, subject to market conditions. If successful, the company will become the third publicly traded crypto exchange after Coinbase and Bullish.
Strategic Partnership with Nasdaq
Beyond the equity investment, Gemini and Nasdaq have agreed to expand cooperation across custody, staking, and collateral management services. According to the filing, Gemini will integrate with Nasdaq’s Calypso platform, which allows institutional clients to manage collateral and track trading activity. Meanwhile, Nasdaq will gain access to Gemini’s custody and staking services.
Custody services involve securing cryptocurrencies in digital wallets, while staking is used to validate transactions on blockchain networks. Gemini also intends to resell Nasdaq’s collateral management solutions to its institutional client base.
According to an email confirmation by a Nasdaq spokesperson,
“We continue to expand our capabilities to serve our institutional clients and the broader investor universe as the regulatory landscape around crypto assets evolves.”
IPO Climate Boosting Demand
Gemini’s public debut comes amid a revival in U.S. equity capital markets, with investor appetite for listings showing strong momentum. High-profile IPOs such as design software firm Figma and space technology company Firefly Aerospace have drawn significant demand in recent weeks.
Crypto-related firms have also been prominent players in the IPO pipeline. Stablecoin issuer Circle and exchange operator Bullish both saw successful debuts earlier this year, with Bullish joining Coinbase as one of the few publicly listed crypto exchanges.
A Shifting Regulatory Environment
Gemini’s offering also coincides with a more accommodating stance from regulators. The SEC, under Chair Paul Atkins, has been taking a friendlier approach to the crypto sector. This environment has encouraged more digital asset firms to pursue listings on major U.S. exchanges.
With Nasdaq’s $50 million commitment, Gemini’s IPO is set to be one of the most closely watched listings in the digital asset space this year, underscoring Wall Street’s growing alignment with crypto exchanges as they move further into the mainstream.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
source : https://cryptodaily.co.uk