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Dominari has teamed up with Hemi to create regulated infrastructure that could revolutionize the HEMI token, making it an essential resource for corporate treasuries looking for managed exposure to programmable, yield-generating crypto assets.
Summary
- Dominari has collaborated with Hemi to jointly develop platforms for regulated digital asset treasury and ETFs.
- This partnership follows Dominari’s involvement in Hemi’s $15 million growth funding round, backed by Breyer Capital and Republic Crypto.
- The announcement coincides with Dominari’s recent NYSE approval to lead IPOs, marking its rapid emergence as a Wall Street player in the crypto finance sector.
In a press release dated Oct. 10, the Hemispheres Foundation, which supervises Hemi’s development, revealed a partnership with Dominari Securities, a FINRA-registered broker-dealer and a subsidiary of Dominari Holdings Inc.
The firms intend to co-create regulated digital asset treasury and ETF platforms designed to enhance the institutional viability of the HEMI token. Notably, this agreement follows Dominari’s co-led involvement in Hemi’s $15 million growth round alongside investors like Breyer Capital and Republic Crypto, indicating a growing interest from the financial sector in programmable digital assets.
Dominari targets a presence in programmable finance
The partnership between Dominari and Hemi unites two firms with different perspectives on digital assets: one rooted in Wall Street regulations, the other at the forefront of Bitcoin’s programming capabilities.
The Friday announcement noted that Hemi contributes its modular Bitcoin framework and technological know-how, while Dominari provides access to capital markets, brokerage services, and compliance knowledge, establishing compliant routes for institutions.
For Dominari, this initiative is not just a financial alliance; it’s a strategic entry into digital asset infrastructure, an area its leadership views as the future of institutional finance.
“Collaborating with Hemi presents a unique chance to connect traditional finance with the emerging Bitcoin economy,” stated Kyle Wool, President of Dominari Holdings and CEO of Dominari Securities. “We believe Hemi is exceptionally positioned to provide the infrastructure and access required by institutional investors.”
Dominari’s Growing Influence
The announcement’s timing is particularly noteworthy, occurring just one day after Dominari Holdings received authorization to serve as a lead or principal underwriter for initial public offerings on the New York Stock Exchange.
This NYSE approval, following a similar endorsement from Nasdaq in August, bestows substantial influence and financial potential for Dominari in upcoming public offerings. This marks a swift advancement for the firm, enhancing its reputation within the competitive investment banking arena almost instantly.
Dominari’s rise to prominence has been rapid and strategically aligned with significant market trends. This year, the firm has positioned itself as a major dealmaker, facilitating considerable transactions for entities like American Bitcoin Corp. and executing the reverse merger for Justin Sun’s Tron. Its political connections add another layer to its profile; the sons of former President Donald Trump, Eric and Donald Trump Jr., each hold a 6.28% stake in Dominari Holdings and joined its board in February.
