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Crypto Exchange Gemini Secures $50 Million Investment From Nasdaq Ahead Of IPO
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Gemini The Latest Crypto Company To Go Public This YearGemini’s IPO filing follows multiple successful public debuts for crypto companies this year.
Strong first-day performances of the newly-listed crypto companies and other firms like Figma have encouraged more private firms to test investor appetite, the Reuters report said.
Nasdaq Makes Tokenized Stocks PushNasdaq’s arrangement with Gemini comes just 24 hours after the stock exchange filed a request with the US Securities and Exchange Commission (SEC) to list tokenized stocks.
It also asked that tokenized stocks on the blockchain be treated as traditional stocks so that they can be traded under the same execution and documentation rules.
Gemini is one of the service providers behind those offerings, and rolled out tokenized shares for Strategy (MSTR) and other companies in June.
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