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Dinari Launches Proprietary Layer 1 on Avalanche for Global Tokenized Stocks Settlement

Dinari’s new Layer-1 blockchain on Avalanche, now in testnet with an imminent public release following FINRA registration, will serve as a coordination and settlement layer for tokenized securities from platforms such as Arbitrum.

AVAX
ARB

Fact Check
The statement is confirmed by multiple credible and recent sources. The official Avalanche blog (Source 11) and Yahoo Finance (Source 13) explicitly state that Dinari has launched a proprietary Layer 1 network built using Avalanche's technology. This network is designed to be a global settlement layer for tokenized stocks, as corroborated by a tweet from Mike McCoy (Source 4).
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Summary

Dinari, a blockchain-based US stock trading startup, is launching its Dinari Financial Network, a Layer-1 blockchain built on the Avalanche tech stack. The network, set to coordinate and settle tokenized securities from platforms like Arbitrum, is currently in testnet with a public release planned in the coming weeks following its June FINRA registration for tokenizing US NMS securities.

Terms & Concepts
  • Avalanche (AVAX): A high-performance blockchain platform known for its scalability and low transaction latency, supporting decentralized applications.
  • Layer-1 blockchain: The base blockchain network that independently processes and secures transactions, forming the core infrastructure of a blockchain ecosystem.
  • Testnet: A testing environment for blockchain projects where new features and updates are trialed before a public launch.