Dominari Holdings Forms Crypto Advisory Board to Support Strategic Expansion
Rhea-AI Summary
Dominari Holdings (Nasdaq: DOMH) announced the formation of a new Crypto Advisory Board to support its strategic expansion into cryptocurrency. The board includes two inaugural members: Sonny Singh, Co-Founder and CEO of Beluga and former BitPay CCO, and Tristan Chaudhry, an early crypto investor and DeFi protocol developer.
Singh brings extensive experience from BitPay, where he helped raise over $70 million and secured partnerships with Visa and Mastercard. Chaudhry, who entered the crypto space in 2013, is the founder of Heroes of Mavia and is currently developing Polyester, a decentralized exchange. The advisory board will provide strategic guidance for Dominari's acquisitions and partnerships in the digital asset space.
Positive
- Formation of specialized Crypto Advisory Board with experienced industry leaders
- Strategic positioning to capitalize on digital asset sector opportunities
- Addition of Sonny Singh, who helped raise over $70M at BitPay and secured major partnerships
- Expansion into growing cryptocurrency market with focus on acquisitions and partnerships
Negative
- Entering highly volatile and regulated cryptocurrency market
- Late entry into cryptocurrency space compared to established competitors
News Market Reaction
On the day this news was published, DOMH gained 2.73%, reflecting a moderate positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $3M to the company's valuation, bringing the market cap to $102M at that time.
Data tracked by StockTitan Argus on the day of publication.
Positioning to be a Bridge Between Traditional Finance and the Next Generation of Blockchain Innovation
Crypto Advisory Board Members
The newly established Crypto Advisory Board will provide strategic guidance as Dominari pursues acquisitions and partnerships in the digital asset space, both for the Company and its clients. The new Crypto Advisory Board, while focused specifically on the crypto space, will work in parallel with the Company's more broadly focused Advisory Board. The inaugural members of this Advisory Board are Sonny Singh, a seasoned fintech executive, and Tristan Chaudhry, a recognized leader in blockchain innovation.
Sonny Singh
Mr. Singh is a recognized crypto executive and thought leader, active in the digital asset sector since 2012. He is the Co-Founder and CEO of Beluga, a crypto education platform dedicated to onboarding the next billion users. Previously, he served as Chief Commercial Officer of BitPay, one of the largest crypto payments companies, where he helped raise over
Mr. Singh is also an active angel investor in multiple crypto and fintech companies and was one of the first advisors to Core Scientific. A frequent speaker at leading industry conferences worldwide, he is frequently featured as a guest commentator on Bloomberg and CNBC. He holds an MBA from the Thunderbird School of Global Management at Arizona State University, and a bachelor's degree from
Tristan Chaudhry
Mr. Chaudhry is an early crypto investor and software developer who entered the digital asset industry in 2013 with early investments in Litecoin and Dogecoin. Since then, he has developed and launched several successful DeFi protocols. In 2024, he founded Heroes of Mavia, and he is currently building Polyester, a decentralized exchange focused on cross-chain spot, lending and perpetual products.
"We believe the crypto ecosystem represents one of the most significant long-term opportunities in global finance," said Anthony Hayes, Chief Executive Officer of Dominari. "Digital assets are no longer at the edge of finance – they are moving into the center. Dominari's expansion into this space aligns with our mission to identify transformative opportunities and bring them into the mainstream for Dominari shareholders and clients."
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari Holdings provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance shareholder value, including in the AI and Data Center sectors.
Dominari Securities LLC's Mission Statement:
Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors.
Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at https://brokercheck.finra.org. Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
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SOURCE Dominari Holdings Inc.
FAQ
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