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Dinari will launch a settlement layer blockchain to assist in the tokenization of securities.
On August 14, 【Blockchain Rhythm】, the startup Dinari, which provides blockchain-based US stock trading services, will launch the L1 blockchain Dinari Financial Network. Designed to serve as the coordination and settlement layer for securities issued by other networks such as certain trading platforms, the network is custom-built using the technology stack of certain trading platforms. The Testnet is currently running and is planned to be publicly released in the coming weeks.
In June this year, Dinari obtained the broker-dealer registration from the Financial Industry Regulatory Authority (FINRA), allowing it to tokenize securities in the U.S. National Market System (NMS) and providing a compliant solution for the issuance of tokenized versions of publicly traded stocks in the U.S.