Latest news with #Dinari
Yahoo
5 days ago
- Business
- Yahoo
Tokenization Firm Dinari to Launch L1 Blockchain, Aims to Be the 'DTCC of Tokenized Stocks'
Dinari, a U.S.-based provider of tokenized public securities, is set to launch its own blockchain, joining the latest wave of firms to build their own infrastructure. The chain, called the Dinari Financial Network, aims to serve as a coordination and settlement layer for the securities issued on other networks like Arbitrum (ARB), Base, Plume (PLUME) and, soon, Solana (SOL). The network is custom built using Avalanche's (AVAX) tech stack. "This is going to be the foundational infrastructure for our settlement and clearing system, which has up to this point predominantly happened off-chain," Gabe Otte, CEO and co-founder of Dinari, told CoinDesk in an interview. The test net is currently live with plans for a public launch in the next couple weeks, Otte added. Dinari is one of the firms spearheading the tokenization of equities, a red-hot trend to make trading with stocks available on blockchain rails. Proponents say tokenization could enable round-the-clock trading, faster settlements while reduce costs. Recently, digital trading platform Robinhood introduced stock tokens on Ethereum layer-2 Arbitrum (ARB) for EU users with future plans to build its own chain, while crypto exchanges including Kraken, Bybit also started offering tokens of U.S. stocks and ETFs. In June, Dinari obtained a broker-dealer registration by FINRA with an approval to tokenize National Market System (NMS) securities, offering a compliant solution to issue token version of U.S. public stocks. Gemini, the exchange founded by Cameron and Tyler Winklevoss, launched stock tokens in the EU with Dinari providing the tokenization infrastructure in the backend. Why another L1? Dinari's decision to build its own chain follows a recent pattern seen across fintechs and crypto firms. USDC stablecoin issuer Circle and payments company Stripe revealed this week to pursue proprietary blockchains. Rival tokenization firms like Ondo Finance and Securitize (teamed up with Ethena) are also working on their own networks. With this approach, they aim to gain more control over compliance with regulations, uptime and integration with traditional finance systems compared to deploying on existing public blockchains. For Dinari, having their own chain was "out of necessity," Otte said. "A lot of the public chains doesn't really allow for the proper level of compliance needed for dealing with securities," he explained. Another key reason was to facilitate and coordinate trades of Dinari-issued tokens across multiple blockchains without fragmenting liquidity. "If part of [the stock tokens] lives on Solana, part on Arbitrum, part on Base, you're taking this $100 trillion market and fragmenting it," he said. "How do you prevent that? With a purpose-built chain that allows us to essentially pull liquidity across all these different chains." By unifying settlement and liquidity, the company aims to bring continuous, compliant trading of U.S. equities to a global market, gunning for a similar role to the Depository Trust and Clearing Corporation (DTCC) for the stock market. DTCC is the world's largest securities clearing and settlement system. For choosing Avalanche to build on, Otte emphasized the need for flexibility and the ability to control transaction fees (gas prices), which is difficult with rollup and layer-2 solutions. Avalanche's blockchain service, Ava Cloud lets businesses spin up and customize blockchains for their own needs, said Morgan Krupetsky, VP of ecosystem growth at Ava Labs. Neutral clearinghouse Dinari wants to position the Dinari Financial Network to be a "neutral clearinghouse" for the industry, Otte said. At the start, governance will come from a consortium of institutions including Gemini, custodian BitGo and asset manager VanEck, who will serve as validators and also offer custody services. The plan is to fully decentralize the chain in future, Otte said. That includes potentially launching the chain's own governance token, he in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Review Geek
10-08-2025
- Entertainment
- The Review Geek
Mafia: The Old Country Guide: 'Chapter 2 – Palio' Walkthrough & Collectibles
Mafia: The Old Country Guide: Chapter 2 – Palio After learning the ropes around the estate, Mafia: The Old Country returns with Enzo ready to start a new day. To begin with, approach the horse and ride with Luca. Eventually you'll stop and will need to grab the crate from the back of the wagon. There's not a whole lot else to see so grab the crate and wait by the gates for Luca. When he approaches, interact with the gate to head on inside and trigger another cutscene. Hold Square (X) to open the crate and receive 200 Dinari. Dinari is Mafia's in-game's currency, which is gained from looting bodies, ransacking safes and opening lockboxes. This can, in turn, be used to purchase better weapons, vehicles and outfits from the wardrobe, so it's definitely worth getting as much money as you can. Buy a Knife Back to top ↑ Behind Luca you'll find a stairwell. Go down and enter Pasquale's shop. Just to the left of the entrance you'll find your first Mystery Fox. Unfortunately, you won't be able to buy this little guy right now as it costs 5000 Dinari. However, remember this spot for later and return when you can. Just to the left of the fox is a work table with knives on. Knives come in different varieties within The Old Country, and are split between: Scannaturi (which can perform Knife Throw takedowns from a distance). Rasolu (which allow Takedowns during combat). Stiletoo (which have great durability). Choose the one you want, and before leaving, be sure to circle the shop and grab the Note: The Sicilian Triacria next to Pasquale. The Knife Fight Back to top ↑ When you step out the shop, Luca will encourage you to get involved in a knife fight with your new weapon. On top of what we've already been taught, there are a couple of new mechanics added that we'll learn. After landing 5 hits on Luca, you'll learn how to Parry. Many fights from here on out will include parrying, so hit Square (X) just as an opponent is looking to slash to leave them vulnerable to a counter attack. Strikes can't be parried (highlighted by a red Square showing next to the opponent's knife) so you'll also need to dodge those too. Finally, breaking a guard with R1 (RB) will help give you the edge in fights when an opponent has their hands up to block. With these mechanics nailed, fight with Luca until he's nearly out of HP to complete this section. Head back to your horse and ride with Luca up to Palio. Head to the Torrisi race tent Back to top ↑ After hopping off your horse, you'll have a large area to navigate. Just next to the tent with blue flags and the man outside, you'll find Note – Racing Odds on the table. Keep hugging the right side of the area until you come to a stage. You'll find Cantastoria's Tale – The Bandit Prince on a bench next to a sign. On the left of this area, near the wooden steps to the left of the Torrisi race tent, you'll find Charm: Fortunato. Finally, head for the tent (your objective marker) but just before you interact with the door, make sure you grab the Newspaper: Floods in Europe on the wooden worktop (both collectibles can be seen in this picture). The Big Race Back to top ↑ Well, this is familiar isn't it? Riding for the Don in a big race that affects the Don's opinion of you? And you have to win to proceed? Count me in! The race itself involves a hose rather than a race car but the rules are largely the same. There are 9 riders and you'll need to navigate two laps of this twisty-turny course and win to proceed. The race itself is quite straightforward, just make sure you use your Spurs during the straight sections, and hug the corners to cut across riders whenever you can. You can't ram other horses off the track like you can the race cars but you can force them wide around corners. Isabella and the Knife Fight Back to top ↑ After winning the race, there will be quite a long section with Isabella where you'll need to carry a crate with her before fending off some thugs (which absolutely is not similar to the mission in Mafia 1 where you walked Sarah Angelo home). Eventually you'll be attacked by L'Ombra, triggering another knife fight. Knife Fight – L'Ombra Back to top ↑ It's now time to put everything we've learned into practice. Remember your training with Luca and make sure you play defence more here. The best strategy is to use parries and counter with 3 slashes each time. You can also break his guard with R1 (RB) when you're near and he's circling with his left arm up. Be patient here and don't recklessly swing into unblockable strikes. Eventually, he'll go down and it'll trigger another cutscene. In doing so, you'll also gain the Achievement: Forza San Celeste for completing the chapter.
Arabian Post
30-06-2025
- Business
- Arabian Post
Kraken Unveils xStocks for Global 24/5 Trading
Kraken has launched xStocks, a platform enabling users outside the United States to trade 60 tokenised U.S. stocks and ETFs around the clock, five days a week. Accessible through the Kraken app, these equities are issued on the Solana blockchain and are fully backed one‑for‑one by genuine shares held via Backed and Dinari, offering both price parity and economic rights. The new service opens over 60 blue‑chip names—including Apple, Tesla, Nvidia and Amazon—to non‑U.S. investors, granting fractional ownership starting at just US$1, with no purchase fee in USD or Kraken's native USDG. Trading is available 24/5 via the exchange, while withdrawal to self‑custodial wallets allows for 24/7 on‑chain usage, such as collateral in DeFi. Kraken's co‑chief executive Arjun Sethi described xStocks as a 'foundational' shift in investment accessibility, emphasising seamless, permissionless ownership without intermediaries or geo‑barriers. The tokens are structured as SPL assets on Solana, chosen for its speed and efficiency, and dividends are auto‑reinvested into additional tokens, though users forfeit direct voting rights. ADVERTISEMENT Kraken has imposed geo‑restrictions, excluding U.S. persons as well as residents in Canada, EU, UK and Australia during the initial rollout—but plans to expand to more than 185 countries in the coming weeks and eventually extend to multiple blockchains. The exchange emphasizes adherence to regulatory frameworks, supported by its partnerships with Swiss issuer Backed and U.S. SEC‑registered transfer agent Dinari. The advent of tokenised stocks follows earlier, less‑successful attempts by Binance in 2021, which encountered regulatory pushback in multiple jurisdictions. Coincidentally, Bybit unveiled access to the same xStocks pool two hours after Kraken, signalling an intensifying push within the crypto sector. Bybit's version supports both Solana and Ethereum versions, aimed at users seeking a bridge between traditional finance and crypto. The global tokenisation of equities is attracting attention across the industry. Robinhood has launched tokenised stock trading in the EU in partnership with Arbitrum, enabling EU residents to trade over 200 U.S. equities 24/5. Coinbase is also pursuing approval from the U.S. Securities and Exchange Commission to offer tokenised equities domestically, pending regulatory clearance. Several firms recognise tokenisation's potential to reduce costs, improve settlement times, and introduce continuous trading, though they acknowledge challenges surrounding liquidity and regulatory harmonisation. Market watchers suggest tokenised equities could reshape global finance. The linkage to blockchain allows cross‑border access, seamless custody and composability in DeFi ecosystems. Critics note limitations, such as absence of voting rights and uncertain secondary‑market liquidity. The World Economic Forum and legal analysts have underlined the need for clearer disclosure standards and global regulatory coordination. Kraken's move appears calibrated to capitalise on a regulatory shift favouring tokenisation. It actively engages with international regulators, avoiding pitfalls that stymied predecessors. Its strategy builds on existing infrastructure—such as its listing of more than 11,000 traditional U.S. securities to U.S. clients—melding established market access with on‑chain innovation. The launch of xStocks marks a pivotal moment in mainstreaming tokenised finance. By undercutting geographical limitations, slashing fees and uniting traditional equities with crypto rails, Kraken and peers are edging global capital markets closer to seamless, inclusive accessibility. As the ecosystem evolves, attention will turn to how regulatory authorities respond and whether liquidity deepens to support this new asset class.
Business Upturn
30-06-2025
- Business
- Business Upturn
BitGo and Dinari Launch Unified API for Crypto, Stablecoins, and Tokenized U.S. Equities
PALO ALTO, Calif., June 30, 2025 (GLOBE NEWSWIRE) — Dinari , the largest issuer of tokenized U.S. equities, and BitGo , the leading infrastructure provider of digital assets, today announced a strategic partnership that puts traditional stocks on the same rails as crypto and stablecoins. The two companies are launching a single integration that allows developers to offer tokenized equities, spot crypto, and stablecoins within one platform, all backed by insured, qualified custody. Later this year, BitGo clients will gain access to Dinari's rapidly growing catalog of dSharesTM, ERC-20 tokens that are tokenized on demand and backed one-to-one by the equities they represent. With one API, platforms will be able to support high-demand stocks and ETFs like AAPL, TSLA, and SPY, alongside digital assets like BTC and USDC. The experience includes custody, settlement, and reporting all in one unified workflow, removing the need to juggle multiple vendors or compliance frameworks. 'From day one we set out to make it easy for our partners to offer tokenized U.S. equities seamlessly and compliantly,' said Gabriel Otte, Dinari's Co-Founder and CEO. 'BitGo took the same approach to crypto assets. By joining forces, we're giving the world a plug-and-play solution for offering the world's most in-demand asset classes.' 'In today's environment, companies can't afford to spend six months assembling together a neo-brokerage; they need a seamless, reliable gateway,' said Mike Belshe, CEO of BitGo. 'Integrating Dinari into BitGo's infrastructure enables any platform to offer thousands of U.S. equities and digital assets without re-engineering their stack or taking on additional custody risk.' Key Benefits for Platforms and Fintechs: Single API and onboarding flow that replaces the need for multiple custody, settlement, and compliance vendors. Institutional-grade stack pairing BitGo's qualified custody with Dinari's compliance-first infrastructure. Global product coverage that lets users trade stocks and digital assets side by side, with access to 60+ markets and high-demand tickers like AAPL, TSLA, SPY, BTC, and USDC. The integrated service enters private beta in Q3 2025, with general availability targeted for year-end. The companies are in active discussions with multiple partners eager to utilize a unified offering. Early-access partners can apply today on BitGo's website . About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit . About Dinari Dinari Inc. is the largest tokenized U.S. public securities provider, with a mission to enable investing in anything from anywhere through its compliance-first, blockchain-based tokenization technology. With Dinari Inc., neobanks, fintechs, and other financial services providers can offer their customers seamless access to U.S. public markets through Dinari's fully-backed dShares™. By tokenizing real-world equities at scale, Dinari Inc. provides global investors with seamless access to over 100 tokenized U.S. public stocks and financial assets. Turnkey integration and a focus on working with partners to navigate regulatory challenges make it easy for Neobanks, fintechs, and other institutions to remain at the forefront of financial technology. Dinari Inc. has raised $22.65 million to date from leading investors including VanEck Ventures, Hack VC, F-Prime Capital, Blockchange Ventures, and Balaji Srinivasan. Dinari Inc. is a Registered Transfer Agent with the United States Securities & Exchange Commission (Section 17A(c)). Dinari dSharesTM are not currently available in the United States and certain jurisdictions as limited by law. Media ContactsKayla Gill & Leslie Termuhlen [email protected] | [email protected]
Associated Press
30-06-2025
- Business
- Associated Press
BitGo and Dinari Launch Unified API for Crypto, Stablecoins, and Tokenized U.S. Equities
PALO ALTO, Calif., June 30, 2025 (GLOBE NEWSWIRE) -- Dinari, the largest issuer of tokenized U.S. equities, and BitGo, the leading infrastructure provider of digital assets, today announced a strategic partnership that puts traditional stocks on the same rails as crypto and stablecoins. The two companies are launching a single integration that allows developers to offer tokenized equities, spot crypto, and stablecoins within one platform, all backed by insured, qualified custody. Later this year, BitGo clients will gain access to Dinari's rapidly growing catalog of dSharesTM, ERC-20 tokens that are tokenized on demand and backed one-to-one by the equities they represent. With one API, platforms will be able to support high-demand stocks and ETFs like AAPL, TSLA, and SPY, alongside digital assets like BTC and USDC. The experience includes custody, settlement, and reporting all in one unified workflow, removing the need to juggle multiple vendors or compliance frameworks. 'From day one we set out to make it easy for our partners to offer tokenized U.S. equities seamlessly and compliantly,' said Gabriel Otte, Dinari's Co-Founder and CEO. 'BitGo took the same approach to crypto assets. By joining forces, we're giving the world a plug-and-play solution for offering the world's most in-demand asset classes.' 'In today's environment, companies can't afford to spend six months assembling together a neo-brokerage; they need a seamless, reliable gateway,' said Mike Belshe, CEO of BitGo. 'Integrating Dinari into BitGo's infrastructure enables any platform to offer thousands of U.S. equities and digital assets without re-engineering their stack or taking on additional custody risk.' Key Benefits for Platforms and Fintechs: The integrated service enters private beta in Q3 2025, with general availability targeted for year-end. The companies are in active discussions with multiple partners eager to utilize a unified offering. Early-access partners can apply today on BitGo's website. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Dinari Dinari Inc. is the largest tokenized U.S. public securities provider, with a mission to enable investing in anything from anywhere through its compliance-first, blockchain-based tokenization technology. With Dinari Inc., neobanks, fintechs, and other financial services providers can offer their customers seamless access to U.S. public markets through Dinari's fully-backed dShares™. By tokenizing real-world equities at scale, Dinari Inc. provides global investors with seamless access to over 100 tokenized U.S. public stocks and financial assets. Turnkey integration and a focus on working with partners to navigate regulatory challenges make it easy for Neobanks, fintechs, and other institutions to remain at the forefront of financial technology. Dinari Inc. has raised $22.65 million to date from leading investors including VanEck Ventures, Hack VC, F-Prime Capital, Blockchange Ventures, and Balaji Srinivasan. Dinari Inc. is a Registered Transfer Agent with the United States Securities & Exchange Commission (Section 17A(c)). Dinari dSharesTM are not currently available in the United States and certain jurisdictions as limited by law. Media Contacts Kayla Gill & Leslie Termuhlen [email protected] | [email protected] BitGo [email protected]
