The tokenization platform for “real-world assets” (RWA), Dinari, has concluded a seed funding round, raising $10 million.
In Q4 2023, we closed a total of $10 million in seed funding!
Thanks to our investors: @500GlobalVC, @balaji, @AlchemyPlatform, @VersionOneVC, @SancusVentures, & others.
We also launched 1:1 backed #RWAs of US stocks, ETFs, & more on @Arbitrum One, & added 10+ more today! pic.twitter.com/TpVrEcdXuR
— Dinari (@DinariGlobal) January 23, 2024
The startup completed its fundraising in the fourth quarter of 2023. Among the investors are 500 Global, Version One, Sancus Ventures, Alchemy, and former CTO of Coinbase, Balaji Srinivasan.
Previously, the team launched two dozen tokenized dShare products on Arbitrum, representing stocks, exchange-traded products, real estate, and other assets.
Dinari announced the addition of instruments based on the securities of the American mining company Riot Platforms, Jack Dorsey’s payment firm Block, and 10 spot bitcoin ETFs registered in January.
“This launch not only broadens the horizons of investment opportunities on the blockchain but also opens doors to a range of intriguing options in bridging the worlds of TradFi and DeFi,” the statement reads.
The project announced “several major updates” in the coming weeks.
In 2023, venture investments in blockchain startups amounted to $10.7 billion, a 68% decline compared to the previous year.