# Dominari Holdings A small Nasdaq-listed financial-services holding company headquartered in **Trump Tower** (725 Fifth Avenue) that became a Trump-family investment vehicle in February 2025, when [[Donald Trump Jr.]] and [[Eric Trump]] joined its advisory board. It is the entity behind **Dominari Securities**, the broker-dealer whose fund took the Trump sons' 20% stake in the [[Kazakhstan Tungsten Deal]], and behind **American Data Centers**, the AI-infrastructure venture the sons launched with it a week after joining. Dominari is a hub node: several second-term family deals route through it. ## Corporate lineage | Period | Entity | Notes | |---|---|---| | to 2022 | Aikido Pharma Inc. | Healthcare therapeutics micro-cap | | late 2022 | Rebranded Dominari Holdings | Pivots into wealth management, investment banking, sales and trading, asset management | | May 2023 | Acquires broker-dealer and RIA business from Fieldpoint Private Bank and Trust (Connecticut) | Becomes Dominari Securities LLC | | Feb 2025 | Trump sons join advisory board | Company states it is "exploring opportunities in emerging sectors, including AI and data centers" | Leadership: **Anthony C. Hayes** (CEO, Dominari Holdings) and **Kyle Wool** (president; CEO of Dominari Securities; formerly Morgan Stanley and Oppenheimer). The board includes **Ron Lieberman**, an executive vice president of the [[Trump Organization]] since 2007. Dominari holds two Trump Tower leases totaling roughly **$750,000 a year** — making it a Trump-family tenant as well as a Trump-family investment platform. ## The Trump-family entry (February 2025) - **February 11, 2025** — Dominari announces that Donald Trump Jr. and Eric Trump have joined its Board of Advisors and participated in a private placement. Shares rose about **30%** on the announcement. Forbes later reported the two received roughly **$3 million in stock** for joining. - **February 18, 2025** — Dominari launches **American Data Centers (ADC)**, an AI/HPC data-center venture in which Dominari holds a 32% stake, with the Trump sons as advisory-board members and partners. Eric Trump: "The establishment of ADC is crucial for the development of AI infrastructure in the United States." The launch came weeks after the president touted hundreds of billions in AI data-center expansion. - **April 30, 2025** — Forbes reports three Trump Organization executives joining the advisory board alongside the sons. ## The Kazakhstan connection (2025–2026) Dominari Securities' fund acquired a **20% stake** in a corporate entity related to [[Kaz Resources]]' tungsten project on **October 31, 2025**, a week before the U.S.–[[Kazakhstan]] deal was signed on November 6 — and after administration officials had advanced applications for up to $1.6 billion in federal financing for the company. The *[[New York Times]]* (Sonne and Lipton, June 28, 2026) identified Dominari as the Trump sons' vehicle in the deal; [[Cantor Fitzgerald]], run by Commerce Secretary [[Howard Lutnick]]'s sons, raised $210 million for a related entity. The Trump Organization demanded a retraction; the *Times* stood by the story. Full account on [[Kazakhstan Tungsten Deal]]. ## Why it matters for the KB Dominari is where three second-term patterns converge: (1) **advisory-board compensation** — the president's sons paid in stock to lend the family name to a micro-cap, whose price then moves on the name; (2) **policy-adjacent investing** — AI data centers and [[Critical Minerals]], both sectors the administration is actively subsidizing, entered through Dominari-structured vehicles; and (3) **the Lutnick overlap** — the same deal enriching a Dominari fund also enriched Cantor Fitzgerald, documented in [[Defense Tech Conflicts of Interest]]. It sits beside [[1789 Capital]] as the family's second investment platform, smaller but more directly tied to specific government-backed deals. ## See Also - [[Kazakhstan Tungsten Deal]] - [[Kaz Resources]] - [[Donald Trump Jr.]] - [[Eric Trump]] - [[Howard Lutnick]] - [[Cantor Fitzgerald]] - [[1789 Capital]] - [[Trump Organization]] - [[Trump Family Corruption Ecosystem]] - [[Trump Corruption News Log]]