Nasdaq seeks a strategic partnership with Gemini, acquiring $50 million in shares as part of its $317 million initial public offering (IPO). This investment gives Nasdaq access to Gemini's custody and staking services, with plans for Gemini's institutional clients to utilize Nasdaq's Calypso platform for managing trading collateral. The collaboration is contingent upon market conditions and potential adjustments. This news follows Nasdaq's recent announcement about its move into tokenized securities, as they advocate for regulated platforms to support blockchain-based versions of traditional stocks. Gemini has been active in this area, offering tokenized shares in Europe. Both firms emphasize the need for modernization in traditional finance channels.

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