Nasdaq to invest $50 million in Winklevoss-founded crypto exchange Gemini
Tyler Winklevoss, CEO and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami, Florida, on June 4, 2021.
Eva Marie Uzcategui | Bloomberg | Getty Images
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has secured Nasdaq as a strategic investor ahead of its initial public offering this week, CNBC has confirmed.
Nasdaq plans to invest $50 million in the crypto company in a partnership that will allow the stock exchange to offer Gemini’s custodial services to its financial institution clients. Gemini will also become a distribution partner for Nasdaq’s trade management system known as Calypso.
The investment, first…
