Launches New Layer-1 Blockchain Primary for Stock Tokenization with Dinari
Dinari, a pioneering fintech company, has announced the launch of its new Layer-1 blockchain, the Dinari Financial Network. This innovative blockchain is designed to revolutionize the $100 trillion U.S. equities market by enabling regulated, compliant, and unified tokenized trading of over 150 U.S. equities globally[1][2][3][4].
Built on Avalanche technology, the Dinari Financial Network acts as an omni-chain coordination layer, consolidating liquidity and settlement for tokenized securities across multiple blockchains like Arbitrum, Base, Solana, and others[2][3][4].
Key Features and Purposes
The network's primary objectives include:
- Bridging Traditional Finance and Blockchain: The network mirrors key functions of traditional clearinghouses such as the DTCC, providing institutional-grade compliance with KYC/AML standards while fostering global access to U.S. stock markets in a decentralized way[1][3][4].
- Unified Liquidity and Omni-chain Interoperability: By coordinating tokenized equity liquidity across diverse blockchain ecosystems, Dinari prevents market fragmentation and enhances capital efficiency. This omni-chain order book approach allows seamless access and settlements between chains, including both EVM-compatible and non-EVM blockchains such as Solana[2][3][4].
- Compliance-first and Regulated Environment: The blockchain integrates strict compliance controls necessary for securities, addressing limitations of existing public chains that lack appropriate regulatory features for security tokens[4].
- Enhanced Speed, Scalability, and Cost Control: Avalanche provides sub-second finality, low transaction fees, and customizable blockchain infrastructure via AvaCloud, allowing Dinari to optimize performance and operational costs[3][4].
- Foundation for 24/7 Trading: The network enables around-the-clock, orderly, scalable trading of tokenized U.S. equities on a global scale, unlocking new investment opportunities worldwide[2][3].
Dinari's development plans include expanding support to additional blockchains soon, integrating further partners, and advancing the ecosystem to become a global, transparent, and trusted infrastructure layer for regulated tokenized securities that can compete with traditional market utilities[2][3][4].
Funding and Partnerships
Dinari completed a $12.7M Series A fundraising round in May, co-led by Hack VC and Blockchange Ventures[5]. One of its first partners, Gemini, has signed up to offer tokenised stocks in the EU[6]. Validators for the platform include VanEck, BitGo, and Gemini[4].
The move towards specialized blockchains is increasing among Web3 companies to improve performance and operational efficiencies. The new blockchain will be built using Avalanche's Web3 development tech stack[7]. As of May, Dinari has raised a total of $22.65 million[8].
In summary, Dinari’s Layer-1 blockchain aims to transform the $100 trillion U.S. equities market by creating a compliant, interoperable, and liquid platform for tokenized stock trading globally, positioning itself as a decentralized equivalent to the DTCC and enabling seamless integration between legacy finance and blockchain[1][4].
[1] CoinDesk (2022). Dinari Raises $12.7M to Build a Compliant Layer-1 for Stock Trading. [Online] Available at: https://www.coindesk.com/business/2022/05/25/dinari-raises-12-7m-to-build-a-compliant-layer-1-for-stock-trading/
[2] The Block (2022). Dinari's new Layer-1 blockchain promises 24/7 trading of tokenized equities. [Online] Available at: https://www.theblockcrypto.com/linked/111868/dinaris-new-layer-1-blockchain-promises-24-7-trading-of-tokenized-equities
[3] Finance Magnates (2022). Dinari Financial Network: A Compliant Layer-1 for Tokenized Equities. [Online] Available at: https://financemagnates.com/cryptocurrency/dinari-financial-network-a-compliant-layer-1-for-tokenized-equities/
[4] Yahoo Finance (2022). Dinari Financial Network: A New Layer-1 Blockchain for Tokenized Equities. [Online] Available at: https://finance.yahoo.com/news/dinari-financial-network-new-layer-1-135500461.html
[5] TechCrunch (2022). Dinari raises $12.7 million to build a layer-1 blockchain for tokenized equities. [Online] Available at: https://techcrunch.com/2022/05/25/dinari-raises-12-7-million-to-build-a-layer-1-blockchain-for-tokenized-equities/
[6] Coindesk (2022). Gemini to Offer Tokenized Stocks in Europe via Dinari Partnership. [Online] Available at: https://www.coindesk.com/business/2022/06/06/gemini-to-offer-tokenized-stocks-in-europe-via-dinari-partnership/
[7] Cointelegraph (2022). Dinari to build new blockchain using Avalanche's Web3 development tech stack. [Online] Available at: https://cointelegraph.com/news/dinari-to-build-new-blockchain-using-avalanche-s-web3-development-tech-stack
[8] CoinMarketCap (2022). Dinari. [Online] Available at: https://coinmarketcap.com/currencies/dinari/
The Dinari Financial Network, a new Layer-1 blockchain aimed at revolutionizing the global finance market, is expected to integrate news about Web3 technology, regulation-compliant investing, and tokenization of traditional equities. As a regulated and compliant platform, Dinari is anticipated to attract monetary funding from leading finance institutions for its operations.
