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A diastereoselective synthesis of borylated bicyclic 5-5 fused ring systems by a domino Ni-catalyzed hydroborylative polycyclization of allenynes has been developed. The reaction provides two new C−C and one C−B bonds and constitutes an atom-economical method. It occurs rapidly, in absence of inert atmosphere, with an inexpensive Ni-based catalyst and HBpin as boron source. The procedure showed excellent tolerance to functional groups and a wide scope. Derivatization of the borylated bicycles has been performed to explore the synthetic utility of the products. Experimental and DFT-calculation results suggest that the process starts by an oxidative cyclometallation involving Ni(0) and both the allene and the alkyne moieties, followed by a stereoselective σ-metathesis with HBpin. Formation of the second ring takes place through a non-fully coplanar 1,2-insertion into the Ni−H bond to give a nickelacyclohexene which finally evolves by reductive elimination. (Figure presented), We thank the support by MICIU (CTQ2016-79826-R and PID2019- 109088GB-I00) and for a FPI fellowship to I. M. M. We also thank the Centro de Computación Científica-UAM for technical assistance. We thank Juan Carlos Nieto-Carmona for helpful discussion and Prof. Fernando P. Cossío for helpful calculations