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1.70%Dinari Raises $12.7M to Expand Tokenized Stock Access for Non-U.S. Investors: Report
The company allows firms to offer users the ability to buy shares in major U.S. companies and funds through dShares, backed by real shares.
What to know:
- Dinari's Series A raise brings its total funding to $22.65M, backed by Hack VC and Blockchange.
- The firm allows companies to offer users the ability to buy shares in major U.S. companies and funds through dShares, backed 1:1 by real shares.
- The company will use the new capital to bolster compliance in the countries it operates in.
Dinari, a crypto startup focused on tokenizing real-world assets, has raised $12.7 million in a Series A funding round led by Hack VC and Blockchange Ventures, with backing from VanEck Ventures, F-Prime, and the Avalanche Fund, according to a Fortune report.
The round brings the California-based firm’s total funding to $22.65 million, Fortune reports. Dinari allows firms to offer their users the ability to buy shares in major U.S. companies and funds through dShares, which it also makes available on its platform.
STORY CONTINUES BELOW
These tokens are backed one-to-one by real shares purchased and held by Dinari. The company charges a subscription fee for access to its API, which it says has drawn strong demand from Latin America, especially Argentina and Brazil, as well as growing interest in Africa and Southeast Asia.
The new capital will be used to bolster compliance with regulations in the markets where Dinari operates. While the company is generating revenue, it declined to disclose figures.
Dinari wasn't immediately available for comment at press time.
Francisco Rodrigues
Francisco is a reporter for CoinDesk with a passion for cryptocurrencies and personal finance. Before joining CoinDesk he worked at major financial and crypto publications. He owns bitcoin, ether, solana, and PAXG above CoinDesk's $1,000 disclosure threshold.
