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Dinari To Power Cross-Chain Transfers Of Yield-Bearing Stablecoin With Chainlink CCIP

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is the industry standard for cross-chain digital asset and data transfer. Leading DeFi protocols and decentralized exchanges as well as traditional financial institutions are integrating CCIP to unlock new use cases and markets for tokenized assets with unique onchain utility.

This week, Dinari, a decentralized stock trading platform, announced its CCIP integration across the Arbitrum One and Ethereum mainnets. Dinari is employing CCIP’s Simplified Token Transfer capabilities to facilitate cross-chain transfers of its fully backed yield-bearing stablecoin, USD+, in order to power payments and provide collateral throughout the onchain economy.

Dinari was founded in 2021 to build compliant, accessible, transparent, and secure infrastructure that connects DeFi to traditional financial systems. The platform has since raised $10 million in seed funding from top investors including 500 Global, SIG, and Alchemy. 

Alongside its yield-bearing stablecoin protocol (USD+), Dinari offers 1:1 backed tokenized stocks with dividend payments (dShares). Currently, over 30 dShares representing various US stocks and ETFs including Coinbase, Tesla, Apple, Google, Riot Platforms, SPY, USFR, and Bitcoin ETFs are available on Arbitrum One.

As the industry-standard decentralized computing platform, Chainlink provides a comprehensive set of services that are critical for creating and securing tokenized real-world assets and stablecoins that can scale onchain finance worldwide. CCIP achieves the highest level of cross-chain security by utilizing Chainlink’s time-tested oracle infrastructure, which has enabled over $10.5 trillion in transaction value, and a separate Risk Management Network that independently monitors cross-chain functions.

An official announcement outlined Dinari’s plans to expand USD+ cross-chain token transfers to additional chains with CCIP in the future. CEO Gabriel Otte believes CCIP will help USD+ become “a cornerstone asset” throughout the developing multi-chain ecosystem. 

“Integrating Chainlink Cross-Chain Interoperability Protocol is an important moment for Dinari, marking a significant step towards seamless and secure cross-chain functionality for USD+,” he said. “Chainlink CCIP stands out not only for its security and reliability but also for its forward-thinking and defense-in-depth features that align with our vision for the future of decentralized finance.

To learn more about Dinari, visit their website, X, Telegram, and Discord.

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