Dinari Secures $10M Seed Funding, Expands Crypto Asset Offerings
Rebeca Moen Jan 24, 2024 08:30
Dinari, a blockchain-based investment platform, secures $10M in seed funding, launches RWAs on Arbitrum, and expands dShare with crypto-themed assets, bridging TradFi and DeFi.
Dinari, a blockchain-based securities investment platform, recently announced a significant milestone in its journey, securing $10 million in seed funding during the fourth quarter of 2023. This substantial investment round saw participation from notable entities such as 500 Global, Balaji Srinivasan, Alchemy Platform, Version One Ventures, and Sancus Ventures, among others. This financial injection is poised to bolster Dinari's growth and innovation in the rapidly evolving blockchain and cryptocurrency landscape.
The company has been making strides in expanding its offerings, particularly through the introduction of Real World Assets (RWAs) of US stocks, ETFs, and other assets, backed on a 1:1 basis on the Arbitrum One network. This move represents a significant leap in bridging traditional finance (TradFi) with decentralized finance (DeFi), making it easier for users to access and invest in traditional asset classes through a blockchain-based platform.
Further enhancing its product suite, Dinari has expanded its dShare offerings, incorporating new crypto-themed assets on Arbitrum. This includes more than 10 new dShares, now available to users. These dShares grant on-chain users access to crypto-related stocks and ETFs, including innovative Bitcoin ETFs, with applicable dividend payouts. This development aligns with Dinari's commitment to providing a comprehensive and user-friendly platform for trading and investment in both traditional and crypto-centric assets.
Dinari's expansion doesn't end here. The company has already hinted at more significant updates in the coming weeks, promising to keep its users and investors updated through its social media channels. This proactive communication strategy ensures that all stakeholders are well-informed about the latest asset, product, and partnership announcements.
For those interested in learning more about Dinari and its dShares, the company has made resources available on its website and invites interested parties to join the conversation on their Discord server. This approach not only provides comprehensive information about their offerings but also fosters a community of informed and engaged users and investors.
In conclusion, Dinari's successful funding round and the launch of new dShare assets mark a noteworthy advancement in the integration of traditional and digital asset markets. The company's focus on innovation, accessibility, and transparency is set to significantly influence the trading and development options available for traditional finance assets in the blockchain space.
Image source: Shutterstock