In a regulatory filing, Gemini (GEMI) announced it has entered into a definitive term sheet with Nasdaq (NDAQ) for a partnership to provide Nasdaq’s clients, including listed companies and member firms, with the ability to custody and stake crypto assets. Under the agreement, Gemini will pay Nasdaq a share of the fees it collects from these clients. Additionally, Gemini will become a reseller of Nasdaq’s Calypso Solution to its institutional customers. The term sheet is subject to the negotiation of definitive documentation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NDAQ:
- Nasdaq commits to buying $50M of Gemini stock ahead of IPO opening
- Crypto Currents: Nasdaq partners with Gemini in $50M deal ahead of IPO
- Stablecoin Issuer Figure (FIGR) Increases the Size of Its IPO Due to Strong Demand
- CoinShares Crosses the Atlantic with $1.2B SPAC Deal. Can Its U.S., Debut Spark a Bigger Rally?
- Crypto Currents: Nasdaq leads push in tokenization of stocks via SEC filing