Tokenization Firm Dinari to Launch L1 Blockchain, Currently Running Testnet
Foresight News reports, according to CoinDesk, that US-based tokenization company Dinari is set to launch an L1 blockchain called the Dinari Financial Network. This chain is designed to serve as a coordination and settlement layer for securities issued on other networks such as Arbitrum, and is custom-built using the Avalanche (AVAX) technology stack. The testnet is currently live, with a public release planned in the coming weeks.
In June of this year, Dinari obtained broker-dealer registration from the US Financial Industry Regulatory Authority (FINRA), allowing it to tokenize US National Market System (NMS) securities and providing a compliant solution for issuing tokenized versions of publicly traded US stocks.
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