Tokenization Firm Dinari to Launch Dinari Financial Network Blockchain
Dinari, a U.S.-based provider of tokenized public securities, is launching the Dinari Financial Network, a blockchain aimed at facilitating coordination and settlement for securities across platforms like Arbitrum, Base, Plume, and Solana. The network is built on Avalanche's tech stack.
- The test net is live; public launch expected soon.
- Dinari aims to enable round-the-clock trading and faster settlements with lower costs through tokenization.
- In June, Dinari secured broker-dealer registration from FINRA to tokenize National Market System securities.
- Dinari provides tokenization infrastructure for Gemini's stock tokens in the EU.
- The move reflects a trend among fintechs to establish proprietary blockchains for better regulatory compliance and integration with traditional finance.
- Dinari's chain intends to unify liquidity across various blockchains to prevent market fragmentation.
- Governance will initially involve institutions like Gemini, BitGo, and VanEck; plans for future decentralization include a governance token.
Dinari aims to become a neutral clearinghouse similar to the Depository Trust and Clearing Corporation, enhancing compliant trading of U.S. equities globally.