Dinari Inc.

Introduction

Dinari is revolutionizing how global investors access traditional financial markets by combining the benefits of blockchain technology with the security of traditional assets. With its flagship products, dShares and USD+, Dinari offers a new way to invest in US stocks and maintain a stable store of value while earning a high yield, all on the blockchain.

Dinari Products: dShares and USD+

dShares

dShares are Dinari Securities Backed Tokens that allow investors outside the United States to buy shares of major US companies and exchange-traded funds (ETFs) using cryptocurrencies. With dShares, you can own stocks like Tesla Inc., Walt Disney Co., and Nvidia Corp., all represented as ERC-20 tokens on the Arbitrum One blockchain.

These tokens are only minted when the corresponding shares are purchased from the stock exchange, maintaining a 1:1 backing. By following Regulation S guidelines, Dinari ensures all transactions are SEC-compliant for overseas investors.

USD+

USD+ is more than just a typical stablecoin. It is 100%-backed by short-term US Treasuries and USD, offering a transparent and secure way to store value. Unlike other stablecoins that simply maintain stability, USD+ also provides a yield of over 5% APY.

With USD+, there’s no need to search for various DeFi protocols to grow your investment or hedge against inflation. You benefit from a professionally managed treasury that consists of highly liquid investments, which you can redeem for USD at any time.

Factor	Details
Registration	Assets issued under Regulation S
Issuer License	Dinari has been an SEC-registered transfer agent since 2022
KYC/AML Procedure	Yes
Availability for US Investors	In the process of securing proper licensing to operate, including the United States. Currently, not for US investors.
Restricted Countries	Afghanistan, Belarus, the Democratic Republic of Congo, the Central African Republic, Cuba, Guinea-Bissau, Iraq, Iran, Libya, Mali, Myanmar, North Korea (DPRK), Russia, Somalia, South Sudan, Sudan, Syria
Creation of SPV	Dinari is currently in the process of setting up a bankruptcy remote vehicle. Dinari Vault Inc. will be an independent but wholly-owned subsidiary of Dinari Holdings Inc and protected from creditors in the event of a bankruptcy.
Restrictions on transfer of tokens	Condition to the availability of the Regulation S safe harbor that the Tokens not be offered or sold in the United States or to a U.S. Person until the expiration of a period of one year following the Effective Date.

Issuance Process

The diagram represents the process flow for issuing Dinari dshares using USDC and USDT, from user deposits to final brokerage placement. Here's a step-by-step breakdown:

User Deposit (USDC/USDT):

The user initiates a transaction, sending either USDC or USDT to the Dinari Order Processor.

Dinari Order Processor:

This central entity handles the routing of funds and orders for filling dshare purchases. Depending on the stablecoin used, it forwards the funds to appropriate institutions.

Order Fulfillment:

After the USD is received at Alpaca Brokerage, the order is fulfilled.

Redemption Process

User Initiates Redemption:

The user starts the redemption process by requesting to convert their dshares (Dinari shares) back into actual shares or funds.

Dinari Order Processor:

The Dinari Order Processor receives the redemption request from the user. It coordinates the flow of funds and securities between various entities to fulfill the user's request.

Alpaca Brokerage:

The Dinari Order Processor sends an order confirmation to Alpaca Brokerage - US. Alpaca Brokerage holds the actual shares that are to be redeemed. Alpaca Brokerage sells the shares.

Transfer of USD via Circle:

Once the shares are sold, Alpaca Brokerage initiates a USD Fedwire transfer to Circle. It processes the USD and converts it into USDC to be sent to the Order Processor.

User Receives USDC:

The final step is for the Dinari Order Processor to deliver the USDC to the user, completing the redemption process.