Dinari, a cryptographic startup focused on tokenize real world assets, has raised $ 12.7 million in a financing round from Serie A directed by Hack VC and BlockChange Ventures, with the support of Vaneck Ventures, F-Prime and the Avalanche Fund, according to a Fortune report.
The round carries the total financing of the company based in California at $ 22.65 million, Fortune reports. Dinari allows companies to offer their users the ability to buy shares in the main US companies and funds through DSHARES, which also makes available to their platform.
These tokens are backed one by one by real actions bought and held by Dinari. The company charges a subscription rate for access to its API, which it says, has caused a strong demand from Latin America, especially Argentina and Brazil, as well as a growing interest in Africa and Southeast Asia.
The new capital will be used to reinforce compliance with the regulations in the markets where Dinari operates. While the company is generating income, it refused to reveal figures.
Dinari was not immediately available to comment at the time of publication.
