Dominari targets crypto treasuries and ETFs in Hemi tie-up

Dominari and Hemi have joined forces to build regulated infrastructure that could transform the HEMI token into a fundamental tool for corporate treasuries seeking managed exposure to programmable, yield-bearing crypto assets.

Summary

• Dominari partnered with Hemi to co-develop regulated digital asset treasury and ETF platforms.
• The collaboration follows Dominari’s role in Hemi’s $15m growth round backed by Breyer Capital and Republic Crypto.
• It comes a day after Dominari gained NYSE approval to lead IPOs, marking its rapid rise as a Wall Street player in crypto finance.

In a press release dated Oct. 10, the Hemispheres Foundation, the organization overseeing Hemi’s development, announced a partnership with Dominari Securities, a FINRA-registered broker-dealer and subsidiary of Dominari Holdings Inc.

The two firms plan to co-develop regulated digital asset treasury and ETF platforms intended to expand the institutional utility of the HEMI token. Notably, the deal follows Dominari’s co-led participation in Hemi’s $15 million growth round alongside investors such as Breyer Capital and Republic Crypto, signaling deepening financial sector interest in programmable digital assets.

Dominari seeks foothold in programmable finance

Dominari’s partnership with Hemi brings together two firms approaching digital assets from different ends of the spectrum: one from Wall Street’s regulatory core, the other from Bitcoin’s programmable frontier.

According to the Friday release, Hemi brings its modular Bitcoin infrastructure and technical expertise to the partnership, while Dominari adds capital markets access, brokerage capabilities, and compliance experience, creating compliant pathways for institutions.

For Dominari, however, the venture is more than a capital partnership. It marks the firm’s move into digital asset infrastructure, a space its executives see as the next stage of institutional finance.

Dominari’s traction

The timing of the announcement is particularly significant, arriving just one day after Dominari Holdings received approval to act as a lead or principal underwriter for initial public offerings on the New York Stock Exchange.

This NYSE clearance, following a similar Nasdaq approval in August, grants Dominari substantial influence and financial upside in future public listings. It marks a rapid ascent for the firm, elevating its stature within the competitive landscape of investment banking almost overnight.

Dominari’s rise to prominence has been both rapid and strategically aligned with powerful trends. This year, the firm established itself as a key dealmaker, brokering significant transactions for entities like American Bitcoin Corp. and orchestrating the reverse merger for Justin Sun’s Tron. Its political connections are a notable facet of its profile; the sons of President Donald Trump, Eric and Donald Trump Jr., each hold a 6.28% stake in Dominari Holdings and joined its board in February.