Dinari will launch the L1 blockchain Dinari Financial Network

BlockBeats News, August 14th, according to CoinDesk, Dinari, a startup providing blockchain-based U.S. stock trading services, will launch the L1 blockchain Dinari Financial Network. Designed to serve as a coordination and settlement layer for securities issued on other networks like Arbitrum, the network is custom-built using Avalanche (AVAX) technology stack. The testnet is currently operational, with plans to go live publicly in the coming weeks.

In June of this year, Dinari obtained a broker-dealer registration from the Financial Industry Regulatory Authority (FINRA) in the United States, allowing it to tokenize securities under the U.S. National Market System (NMS) and providing a compliant solution for issuing tokenized versions of U.S. publicly traded stocks.