In a significant development for the cryptocurrency landscape, Dinari, a California-based startup focused on tokenizing real-world assets, has successfully raised $12.7 million in a Series A funding round. This round was led by Hack VC and Blockchange Ventures, with notable support from VanEck Ventures, F-Prime, and the Avalanche Fund, as reported by Fortune.
This latest funding brings Dinari’s total funding to an impressive $22.65 million, reinforcing its position in the market. The startup specializes in enabling firms to provide their users with the ability to purchase shares in major U.S. companies and funds through its innovative dShares system, which are also made available on its platform.
The tokens issued by Dinari are backed one-to-one by actual shares that the company purchases and holds, ensuring a tangible connection between the tokens and the real assets they represent. Dinari has adopted a subscription model for access to its API, which has seen strong demand particularly from markets in Latin America, notably Argentina and Brazil, alongside growing interest in Africa and Southeast Asia.
The recently acquired capital will be strategically utilized to enhance compliance with regulatory requirements in the various markets where Dinari operates. While the company is generating revenue, it has opted not to disclose specific financial figures at this time.
As of now, Dinari has not made any immediate comments regarding this funding round. The startup’s efforts to tokenize real-world assets reflect an evolving trend in the cryptocurrency sector, aiming to bridge traditional finance with innovative blockchain solutions.
