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>>A blockchain firm with ties to Donald Trump is collaborating with a company supported by Binance's founder for crypto exchange-traded funds.

A blockchain firm with ties to Donald Trump is collaborating with a company supported by Binance's founder for crypto exchange-traded funds.

crypthub

about 23 hours ago

Dominari's New Venture

Dominari, a finance company linked to Donald Trump's sons, has entered a joint venture with a blockchain project, Hemi. This collaboration aims to develop new platforms for digital assets and crypto ETFs. The firm’s involvement spans multiple levels, including a strategic investment through American Ventures. Dominari also assisted in the launch of Tron and currently invests in Hemi.

Hemi and its Backing

Hemi, built on the Bitcoin blockchain, recently secured $15 million in new funding. The project is co-founded by Matthew Roszak, a known crypto backer and ally of Changpeng "CZ" Zhao. It aims to become a key solution on the Bitcoin layer, attracting institutional interest. YZi Labs, Republic Digital, and Crypto.com are among its investors.

Key Figures and Connections

Changpeng Zhao, former Binance leader, served a prison sentence and seeks a pardon. Dominari’s headquarters are in Trump Tower, and the company has advisors including Donald Trump Jr. and Eric Trump. Justin Sun, another figure with Trump-linked crypto investments, is also involved.

Expansion and Future Plans

Dominari is broadening its scope beyond advising Trump-affiliated ventures. The partnership intends to create avenues for crypto ETFs and regulated exposure. This strategic move links Trump-affiliated money with CZ’s network following his departure from Binance.