Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is advancing its plans for an initial public offering (IPO) in New York, with Nasdaq set to invest $50 million. The IPO is expected to raise up to $317 million, and Nasdaq's investment will occur through a private placement. This strategic partnership will allow Nasdaq clients to access Gemini's custody and staking services, while Gemini's institutional clients will benefit from Nasdaq's Calypso platform for managing trading collateral. Gemini is slated to list on Nasdaq under the ticker "GEMI" this Friday, contingent on market conditions.