- Dinari, a fintech start-up company, rolls out its dShare trading platform.
- dShare is a platform that provides users with blockchain-backed tokenized stock trading.
- The company has also successfully raised $7.5 million in seed funding from investors.
California-basedFintech start-up and blockchain trading platform, Dinari has rolled out its dShare trading platform. Notably, the platform has successfully raised $7.5 million in seed funding from investors.
dShare is a platform that provides users with blockchain-backed tokenized stock trading.
Further, several investors participated in the fundraising, including SPEILLLP, 500 Global, former CTO of Coinbase Balaji Srinivasan, Third Kind Venture Capital, Sancus Ventures, and Version One VC.
The company said the funds raised would go to building its blockchain-powered dShare Platform outside the US and expanding its offering. Through its platform, users outside the US can gain exposure to publicly traded corporate equity securities safely and transparently.
The company says its regulatory-compliant platform will enable users outside the US to buy shares of prominent US companies and exchange-traded funds.
Dinari’s dShare is a trading platform that matches tokens with underlying securities 1:1, allowing users to secure publicly funded corporate equity exposure.
Based on its blockchain infrastructure, Dinari says its dShare Platform offers transparency, immutable proof of ownership, instant settlement, and the ability to trade with a crypto wallet. However, the platform is non-custodial; hence, users must use Arbitrum-based crypto wallets to trade and store their assets.
Unlike similar projects, tokens on dShare, such as the stablecoins USDT and USDC, are backed by matching underlying securities on a 1:1 ratio. Despite this, the business still faces regulatory issues in other countries.
Co-founder and Chief Legal Officer of Dinari, Chas Rampenthal, however, highlighted that the investment round is one of the strategies for gradually improving the company’s market visibility.
Rampenthal stated:
‘’ With the ex-US launch of our dShare Platform, we are leveraging blockchain to democratize access to corporate equity markets in a transparent, fully asset-backed manner.”
Dinari’s Objective In The Blockchain Network
Founded in 2021, Dinari acquired a US broker-dealer and registered with the Securities and Exchange Commission (SEC) as a transfer agent. Dinari’s objective is to offer users access to real-world asset-backed tokens. The tokenization of real-world assets (RWA) concept has become increasingly popular among crypto and traditional finance players looking to use distributed ledger technology.
Dinari wants to provide blockchain-backed access to corporate equity through its dShare platform. The dShare platform offers access to securities such as Apple or Tesla stock using a wallet on the Arbitrum network for users outside the United States due to regulatory reasons, said Jake Timothy, Dinari co-founder and chief technology officer, in an email to CoinDesk.
On the other hand, Chas Rampenthal, Dinari co-founder and chief legal officer, said:
‘’ Our transparency page is accessible for anyone to view, and we also provide a live feed of our brokerage accounts so that our users can have every confidence in our 1-1 backing. Furthermore, we are working with regulators worldwide to ensure that our offering complies with rigorous regulatory compliance requirements.’’
