Dinari, a firm dedicated to offering real-world asset-backed tokens, has recently publicised its successful $7.5m seed investment.
Prominent investors in this round featured the likes of SPEILLLP, part of the Susquehanna International Group of companies, along with 500 Global and Balaji Srinivasan, previously the chief technology officer at Coinbase. Other notable supporters were Third Kind Venture Capital, Sancus Ventures, and Version One VC.
Increasingly gaining traction, the tokenisation of real-world assets (RWA) is catching the eye of both crypto enthusiasts and traditional financial experts keen on tapping into the potential of blockchain technology. One such innovator in this domain, Dinari, established in 2021, aspires to revolutionise access to corporate equity using blockchain.
Through its dShare platform, the company provides a unique opportunity to invest in renowned securities such as Apple or Tesla stocks. All of this is made possible by leveraging a wallet on the Arbitrum network, specially curated for international users due to specific regulatory constraints.
While the announcement highlighted the fresh influx of capital, Jake Timothy, Dinari’s co-founder and chief technology officer, further elaborated on their goals via an email to CoinDesk. He emphasised that the funds would be channelled to bolster the dShare platform’s capabilities. This platform uniquely offers tokens – each dShare token, to be precise – that enjoy a 1-1 backing, reminiscent of stablecoins like USDC or Tether.
Hamilton Lane, an investment-management powerhouse with a staggering $824bn under its stewardship, has recently expanded its portfolio to include two of its funds via Securitize on the much-talked-about Polygon blockchain.
Commenting on their strides in transparency and regulatory adherence, Dinari co-founder and chief legal officer Chas Rampenthal stated, “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 from all around the world to ensure that our offering complies with rigorous regulatory compliance requirements.”
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