Tech, Funding, Real World Assets, News The firm permits companies to supply customers the power to purchase shares in main U.S. corporations and funds via dShares, backed by actual shares.
Dinari, a crypto startup centered on tokenizing real-world property, has raised $12.7 million in a Series A funding spherical led by Hack VC and Blockchange Ventures, with backing from VanEck Ventures, F-Prime, and the Avalanche Fund, in accordance with a Fortune report.
The spherical brings the California-based agency’s total funding to $22.65 million, Fortune reports. Dinari permits companies to supply their customers the power to purchase shares in main U.S. corporations and funds via dShares, which it additionally makes out there on its platform.
These tokens are backed one-to-one by actual shares bought and held by Dinari. The firm prices a subscription price for entry to its API, which it says has drawn robust demand from Latin America, particularly Argentina and Brazil, in addition to rising curiosity in Africa and Southeast Asia.
The new capital might be used to bolster compliance with laws within the markets the place Dinari operates. While the corporate is producing income, it declined to reveal figures.
Dinari wasn’t instantly out there for remark at press time.
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