2 hours ago
A subsidiary of Dominari Holdings (DOMH), the concern steadfast with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability task Hemi to advancement its integer plus treasury and exchange-traded money (ETF) plans.
Broker-dealer Dominari Securities and Hemi, which is backed by seasoned Bitcoin developer Jeff Garzik, teamed up to make a integer plus treasury and ETF platform, according to an emailed announcement connected Friday.
Dominari Holdings is located successful the Trump Tower successful New York City and counts Eric and Donald Trump Jr. among its investors. They besides sit connected its committee of advisors. In March, the institution took a antithetic twist connected the method of adopting bitcoin (BTC) arsenic a treasury asset, by committing $2 cardinal to bargain shares successful BlackRock's iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF connected the market.
The associated task betwixt Dominari and Hemi volition let institutions to put successful BTC-centric markets via the HEMI token.
As portion of the associated task American Ventures LLC, of which Dominari is simply a member, made an undisclosed concern successful the Hemispheres Foundation, the main stewards of the Hemi project.
Hemi's extremity is to alteration the possibilities for decentralized concern (DeFi) connected Bitcoin by unifying it with Ethereum into a azygous "supernetwork". It raised $15 cardinal successful funding to grow its ecosystem successful August.
Alongside competitors similar Lombard, with liquid staking token LBTC, and BOB, a hybrid concatenation built atop Bitcoin and Ethereum, Hemi is gathering infrastructure to marque Bitcoin much compatible with DeFi, frankincense harnessing its $2.4 trillion marketplace headdress for the betterment of the wider integer plus industry.
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