Dominari Securities Partners with Hemi for Bitcoin ETF and Treasury Plans
Dominari Holdings' subsidiary, Dominari Securities, has partnered with Bitcoin programmability project Hemi to advance digital asset treasury and ETF initiatives.
- Dominari Holdings is linked to Eric and Donald Trump Jr., who are investors and advisors.
- The collaboration aims to develop a digital asset treasury and ETF platform.
- In March, Dominari committed $2 billion to buy shares in BlackRock's iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF.
- The joint venture allows institutional investment in BTC-centric markets using the HEMI token.
- American Ventures LLC, including Dominari, invested in the Hemispheres Foundation, supporting the Hemi project.
- Hemi seeks to integrate Bitcoin with Ethereum into a "supernetwork" for DeFi, expanding its ecosystem with $15 million in funding.
- Hemi competes with projects like Lombard's LBTC and BOB to enhance Bitcoin's compatibility with DeFi, leveraging its $2.4 trillion market cap.