Wall Street Meets Blockchain

• 500-backed blockchain-based equities platform Dinari secured a broker-dealer registration for their subsidiary, making it the first tokenized equity platform to secure such approval in the United States.
• This will allow the team to offer stock trading via blockchain technology to U.S. investors, which Dinari aims to make available in the coming quarter.
• Tokenizing equities involves converting company shares into digital tokens that can be traded much like cryptocurrencies. Instead of owning the actual securities, investors hold tokens that represent ownership in them.
• This move has the potential to lower trading costs, speed up settlement times, and allow for 24/7 trading.
• "The end game is how can we elevate the entire financial system, which means not just a broker-dealer that's on chain, but an exchange that's on chain," shared Gabriel Otte, Co-founder & CEO.
• Read the full story here.