According to official news, the blockchain securities investment platform Dinari announced the launch of 4 new dShare assets based on Arbitrum for commodity ETFs (Electronically Traded Fund), namely:
-The VanEck Vectors Steel ETF (SLX);
-The Teucrium Wheat Fund is an ETF (WEAT);
-The iShares Global Timber & Forestry ETF (WOOD);
-The Invesco Water Resources ETF (PHO).
It is reported that these 1:1 backed dShares directly correspond to U.S. exchange-listed assets and receive dividends from these assets. Additionally, these ERC-20 tokens can be exchanged for the USD value of the underlying asset or stablecoin at any time at a 1:1 ratio.
According to previous news, Dinari announced on the X platform that it will complete a US$10 million seed round of financing in Q4 2023, with participation from 500 Global, former CTO of Coinbase Balaji Srinivasan, Alchemy, Version One Ventures, Sancus Ventures, etc. It is reported that Dinari has launched 1:1 supported U.S. stocks, ETFs and other RWA products on Arbitrum One, with more than 10 added today; in addition, it is expanding its dShare products and providing new crypto-themed assets on Arbitrum.