Tokenization Firm Dinari to Launch L1 Blockchain

According to Jinse Finance, Dinari is leveraging Avalanche technology to launch its own blockchain, aiming to enhance the trading of tokenized public securities. The Dinari Financial Network is designed to unify the clearing and settlement of tokenized stocks across different blockchains, similar to the role played by DTCC in the U.S. stock market. This move aligns with the trend of companies such as stablecoin issuer Circle and payment company Stripe developing proprietary chains.