Dinari to Launch L1 Blockchain Dinari Financial Network
BlockBeats News, August 14 — According to a report by CoinDesk, Dinari, a startup offering blockchain-based U.S. stock trading services, is set to launch the L1 blockchain Dinari Financial Network. The network is designed to serve as a coordination and settlement layer for securities issued on other networks such as Arbitrum, and is custom-built using the Avalanche (AVAX) technology stack. The testnet is currently live, with a public launch planned in the coming weeks.
In June of this year, Dinari obtained broker-dealer registration from the U.S. Financial Industry Regulatory Authority (FINRA), granting approval to tokenize U.S. National Market System (NMS) securities and providing a compliant solution for issuing tokenized versions of publicly traded U.S. stocks.
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