TechFlow news, May 1 — According to Fortune magazine, blockchain finance company Dinari announced it has raised $12.7 million in a Series A funding round led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime, and Avalanche Fund. The company's total funding has now reached $22.65 million, and its valuation was $40.15 million in 2024. Data from Pitchbook also shows Dinari's 2024 valuation at $40.15 million. Its current valuation remains unclear, but the company stated it is already profitable, though it declined to disclose specific figures.
Dinari focuses on providing U.S. stock investment services for overseas investors by issuing tokens representing ownership of U.S. equities via blockchain technology. Its API service has been integrated into multiple fintech platforms, allowing users to purchase tokens corresponding to stocks of companies like Apple. Dinari directly buys and holds the underlying stocks in the U.S. market, ensuring 100% asset backing.
