Nasdaq has reportedly formed a strategic partnership with Gemini, the crypto exchange founded by the Winklevoss twins, as part of its $317 million IPO. Nasdaq is set to invest $50 million in Gemini shares through a private placement. This collaboration aims to give Nasdaq access to Gemini’s custody and staking services, enhancing its offerings in digital asset management. Additionally, Gemini’s institutional customers will be able to utilize Nasdaq’s Calypso platform for managing trading collateral. The partnership is contingent on market conditions. This development comes shortly after Nasdaq announced plans to delve into tokenized securities, seeking regulatory approval to amend security rules, emphasizing the need for established market players to handle such products. The report indicates ongoing modernization efforts in traditional financial frameworks as both companies explore more integrated services in the blockchain space.

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