PANews reported on May 1 that according to Fortune magazine, blockchain finance company Dinari announced the completion of a $12.7 million Series A financing round, led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime and Avalanche Fund. The company's total financing has reached $22.65 million, with a valuation of $40.15 million in 2024. According to Pitchbook data, Dinari's valuation in 2024 is $40.15 million. The current valuation is unclear, but the company said it has achieved profitability, but declined to disclose the specific amount.
Dinari focuses on providing U.S. stock investment services to overseas investors, and issues tokens representing U.S. stock ownership through blockchain technology. Its API service has been connected to many financial technology platforms, and users can purchase tokens corresponding to stocks of companies such as Apple. Dinari will directly purchase and hold the corresponding stocks in the U.S. stock market to ensure 100% asset endorsement.
