Gemini Space Station Shares Jumped 32.2% in their NASDAQ debut

Gemini’s IPO marks a defining moment in the evolution of crypto from a speculative frontier to an institutionalized asset class. Founded by Cameron and Tyler Winklevoss, the company’s debut on the Nasdaq under the ticker “GEMI” symbolizes more than market validation—it represents the convergence of crypto’s original ideals with the structure and discipline of public markets. In taking Gemini public, the Winklevoss twins are effectively closing the loop on a decade-long experiment in legitimacy: proving that crypto-native companies can operate with the same rigor, transparency, and regulatory alignment as their Wall Street counterparts.

As an early backer, 50T Fund saw this trajectory early. Our investment thesis has always centered on the belief that the winners in web3 would be the builders of trust and infrastructure—not just tokens. Gemini’s long-term focus on compliance, custody, and consumer experience positioned it uniquely to bridge the gap between retail enthusiasm and institutional capital. The IPO underscores that conviction, marking a key inflection point where crypto infrastructure becomes investable at scale, not just aspirational.

For 50T, Gemini’s listing isn’t just a liquidity event—it’s a cultural signal. It represents a shift toward a more integrated financial system where crypto is no longer the “other” market, but an extension of global capital flows. This milestone reinforces our broader mission: identifying and backing the companies that bring clarity, credibility, and continuity to the next financial era.