Dinari, a tokenisation startup that allows non-U.S. investors to buy shares of U.S. companies has raised $12.7 million

Dinari, a tokenisation startup that allows non-U.S. investors to buy shares of U.S. companies has raised $12.7 million in a Series A round led by Hack VC and Blockchange Ventures.

Non-U.S. investors can now buy shares of U.S. companies via tokenisation, thanks to Dinari, a startup that has scored $12.7 million in a Series A funding round.

The round was led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime, and the Avalanche Fund, according to a report by Fortune. It brings the total raised by the Web3 startup to $22.65 million.

The startup said it plans to use the fresh capital to enhance regulation compliance in the jurisdictions it operates.

The startup, which began in 2021, focused on making investing in U.S. stocks a more viable option for people living outside of the U.S.

“We’re allowing people to have access to it in an efficient way that they didn’t have before,” said Gabriel Otte, co-founder and CEO of Dinari. “It can’t really be just about tokenizing one-off stocks. It has to be tokenizing every stock, eventually, and every asset.”

Earlier this year, Dinari launched an API integration that allows Financial platforms including fintechs and digital banks to easily enable investing in U.S. stocks.

Once integrated, users can buy shares of U.S. companies like Apple and Google, with the buyers receiving a blockchain-based token that represents ownership of the shares.

In turn, Dinari buys an equivalent amount of the stock in the respective U.S. company to hold it, thus guaranteeing a 100% backing.

A majority of Dinari customers come from Latin America, especially Brazil and Argentina, while the company has also been building a user base in Southeast Asia and Africa.