A subsidiary of Dominari Holdings (DOMH), the investment firm linked to President Donald Trump’s sons Eric and Donald Jr., is partnering with Bitcoin programmability project Hemi to advance its digital asset treasury and exchange-traded fund (ETF) plans.
Stockbroker Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, have partnered to develop a digital asset treasury and ETF platform, according to an emailed announcement on Friday.
Dominari Holdings is located in Trump Tower in New York City and counts Eric and Donald Trump Jr. among its investors. They are also part of its board of advisors. In March, the company put a different spin on the method of bitcoin adoption. as a treasury asset, by committing $2 billion to buy shares of BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF on the market.
The joint venture between Dominari and Hemi will allow institutions to invest in BTC-focused markets through the HEMI token.
As part of the joint venture American Ventures LLC, of which Dominari is a member, he made an undisclosed investment in the Hemispheres Foundation, the lead managers of the Hemi project.
Hemi’s goal is to transform the possibilities of decentralized finance (DeFi) in Bitcoin by unifying it with Ethereum into a single “supernetwork.” It raised $15 million in funding to expand its ecosystem in August.
Along with competitors like Lombard, with the liquid staking token LBTC, and BOB, a hybrid chain built on top of Bitcoin and Ethereum, Hemi is building infrastructure to make Bitcoin more DeFi-friendly, thereby leveraging its $2.4 trillion market cap to improve the overall digital asset industry.
