Dinari, a supplier of public values to the headquarters in the United States, will launch its own block chain, joining the last wave of companies to build their own infrastructure.
The chain, called Dinari Financial Network, aims to serve as a coordination and liquidation layer for the values emitted in other networks such as the referee
Base, pen (PLUME) And, soon, Solana. The network is tailored to Avalanche’s (AVAX) Technological battery.
“This will be the fundamental infrastructure for our liquidation and compensation system, which until this point has happened predominantly outside the chain,” said Gabe Otte, CEO and co -founder of Dinari, Coindesk in an interview.
The test network is currently live with plans for a public launch in the next two weeks, added Otte.
Dinari is one of the companies that lead the tokenization of the shares, a red -red trend to make shares available in Blockchain Rieles. The proponents say that tokenization could allow trade 24 hours and the fastest agreements, while they reduce costs.
Recently, the Robinhood digital trade platform introduced shares tokens in referee Ethereum Layer-2
For EU users with future plans to build their own chain, while encryption exchanges, including Kraken, Bybit also began offering shares and ETF tokens of the United States.
In June, Dinari obtained a Finra Stock Exchange Corridor Registry with an approval to token the national market system (NMS) Securities, which offers a compatible solution to issue a Token version of US public actions. UU. Gemini, the exchange founded by Cameron and Tyler Winklevos, launched stock tokens in the EU with Dinari that provides the tokenization infrastructure in the backend.
Why other L1?
Dinari’s decision to build his own chain follows a recent pattern seen in Fintechs and cryptographic signatures. Stripe revealed this week that this week revealed this week to search for owner blockchains. Rival tokenization companies as Ondo Finance and title (He associated with Ethena) They are also working on their own networks.
With this approach, its objective is to obtain more control over compliance with regulations, activity time and integration with traditional financial systems compared to the implementation in existing public blockchains.
For Dinari, having his own chain was “out of necessity,” said Otte.
“Many of the public chains really do not allow the proper level of compliance necessary to deal with values,” he explained. Another key reason was to facilitate and coordinate the exchanges of tokens issued by Dinari in multiple blockchains without fragmentary liquidity.
“If part of [the stock tokens] Live in Solana, part in the referee, part at the base, you are taking this market of $ 100 billion and fragmenting it, “he said.” How is that expected? With an specially designed chain that allows us to essentially extract liquidity in all these different chains. “
By unifying the agreement and liquidity, the company aims (DTCC) For the stock market. DTCC is the largest liquidation and compensation system in the world.
To choose Avalanche to build, Otte emphasized the need for flexibility and the ability to control transaction rates (gas prices)which is difficult with survey solutions and Capa-2. Av Cloud of Avalanche’s Blockchain allows companies to turn and personalize blockchains for their own needs, said Morgan Krupettsky, vice president of ecosystem growth in Ava Labs.
Neutral compensation place
Dinari wants to position Dinari’s financial network to be a “neutral compensation house” for the industry, said Otte.
At first, governance will come from a consortium of institutions that include Gemini, Custodio Bitgo and the Vaneck Assets manager, who will serve as validators and also offer custody services.
The plan is to completely decentralize the chain in the future, said Otte. That potentially includes the launch of the chain’s own tab, he added.
Read more: Tokenized actions need an ADR structure to protect investors
