Exclusive: Tokenized asset company Dinari raises $12.7 million from Hack VC and Blockchange Ventures

Catherine McGrath

Dinari, a California-based crypto company that allows non-U.S. <a href="https://fortune.com/article/sec-enforcement-paul-atkins-prioities-fraud-accounting-insider-trading-crypto/">investors</a> to buy shares in American companies with <a href="https://fortune.com/crypto/2025/04/24/theo-20-million-hft-traders-hack-vc-manifold-trading/">blockchain</a> technology, announced Thursday that it has raised $12.7 million in Series A funding.&nbsp;<div class="paywall-selector"></div><div class="paywall">



The round was led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime and the Avalanche Fund. The latest round brings the total amount of money the company has raised to $22.65 million.&nbsp;



The company said it will use the money from this latest round to enhance compliance with regulations in the various countries in which it operates. Dinari’s valuation in 2024 was $40.15 million, according to Pitchbook. The current valuation is unclear, but the company says it is generating revenue, although it declined to disclose exact numbers.&nbsp;



Gabriel Otte, co-founder and CEO, says he created Dinari to make investing in the U.S. stock market a more viable option for people in foreign countries. Currently, non-U.S. investors can do this through depository receipts, which are certificates issued by a bank that represent shares in a foreign company. However, those can be expensive and restricted to specific stocks.&nbsp;



“We&#8217;re allowing people to have access to it in an efficient way that they didn&#8217;t have before,” he tells Fortune. “It can&#8217;t really be just about tokenizing one-off stocks. It has to be tokenizing every stock, eventually, and every asset.”



Here’s how it works: Financial platforms including fintechs and digital banks pay Dinari a subscription fee for access to its API, a type of computer code. Once Dinari’s software is integrated with the financial platform, users can buy shares in an American company like <a href="https://fortune.com/company/apple/" target="_blank">Apple</a>, and Dinari will send the user a token that represents the ownership of that share. Then, Dinari buys that share directly from the U.S. stock market and holds it to ensure that customers’ assets are backed 100%.&nbsp;



Otte says the majority of new Dinari users have come from Latin America over the past year, especially Argentina and Brazil. He added that the company has also been building a user base in Africa and Southeast Asia.&nbsp;



Crypto companies have long hoped to digitize the stock market with tokenized securities—digitized versions of traditional stocks that are traded on a blockchain. As the U.S. government pivots to embrace the crypto industry, some companies have revived a push to offer <a href="https://fortune.com/crypto/2025/03/25/blackrocks-buidl-solana-tokenized-money-market-fund-eyes-2-billion-buidl/">tokenized</a> securities to U.S. investors. 



<a href="https://fortune.com/crypto/2025/03/06/coinbase-renews-push-tokenized-securities-trump-administration-emboldens-crypto-companies/">Coinbase</a>, the largest U.S. crypto exchange, said last month that it is renewing its effort to offer tokenized securities.</div>

The crypto company uses blockchain technology to issue American stocks outside the U.S.


Tokenized asset company Dinari raises $12.7 million from Hack VC and Blockchange

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The company will use the money to ensure compliance with local regulations.


Tokenized asset company Dinari raises $12.7 million from Hack VC and Blockchange | Fortune Crypto

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