July 26, 2023
Making business banking services secure, quick, and seamless for the crypto economy
Using Dinara, crypto startups and VCs can save time, energy, and money by working with a banking services partner built for crypto that offers: custody and exchange support for any asset and any blockchain, fiat on/off ramps, and crypto-friendly reporting, all from one unified platform.

Dinara makes business banking services for crypto companies simple, secure, and seamless. With Dinara, crypto startups and VCs can streamline their financial operations across the organization – from custody and trading to treasury management, payments, and reporting. 

Dinara provides one integrated platform where teams can hold or transact with crypto and fiat, all on a regulatory compliant platform. We’re building for a future in which digital assets become part of the mainstream financial system and are core to how companies run their business.

Manage your crypto and fiat operations from one platform.

Business banking services for the crypto economy are broken, fragmented, and insufficient today

Founding teams and financial operations leaders face significant challenges to managing their team’s assets because of the unique technical infrastructure needed to support crypto operations and lack of crypto-friendly partners for fiat-related services. 

High administrative overhead from multi-vendor operations

Most companies earning revenue, making payments, and managing treasuries in crypto assets are forced to navigate a complex web of point solutions to meet their needs.

Often, founders end up opening multiple fiat bank accounts out of fear of being de-banked; working with multiple custodians to patch together asset coverage; and managing multiple liquidity partners to ensure best trade pricing. This leads to financial operations that are strung together across platforms, creating disjointed and inefficient processes, and introducing unnecessary security risk.

Executing a single transaction across assets shouldn’t require multiple counterparties, and setting up your business operations shouldn’t require a half-dozen onboarding processes.

Unnecessary security risks

With a multi-vendor setup, companies are subject to increased information security risk as many service providers require one email address per account, forcing teams to share passwords for access, or limit what user permissions a team can configure. This opens up attack vectors for external threats and rogue individuals within an organization.

Burdensome reconciliation

Business models centered around crypto often require hours of tax, accounting, and audit reconciliation processes every month, as assets and transactions are spread across multiple service providers with differing account structures. Many companies also end up tracking self-custody wallet activity in spreadsheets, extending the work needed to accurately account for the organization’s operations. 

Lack of transparency

Almost all major custodians operate using fully-trusted, commingled structures. Customer assets are held in wallets entirely controlled by the custodian and are pooled together with other customer assets. This introduces singular counterparty risk and impairs transparency for the end user.

The problems outlined above create operational inefficiencies that eat at a team’s time and resources, and often pull founders away from focusing on what is most important: building the best product possible and getting that product into the hands of their customers.

Building in crypto is difficult enough; having to do so while constructing an ad-hoc financial services infrastructure as a side project is untenable.

The value of using Dinara’s platform for all of your banking services needs

Using Dinara, crypto startups and VCs can run their financial operations from one integrated platform. Teams can streamline their workflows in a cost-competitive way, eliminating the need to pay multiple point solutions for what becomes a fragmented and inefficient customer experience. 

Dinara is built so that your team can operate and access its finances whenever, wherever, and however you need. With Dinara, startups and VCs can focus on what makes them great, since we solve:

  • asset coverage, because Dinara can support any token on any L1/L2;
  • asset security and accessibility, because Dinara has built an MPC solution with multi-sig functionality which is verifiable 24/7, independent of Dinara;
  • connectivity with the traditional financial system, because Dinara provides on- and off-ramp solutions;
  • user permissioning, because Dinara allows for teams to tailor permissions by user and account; 
  • reconciliation, because Dinara makes it easy to track assets in real time, find transaction-specific details, and generate reporting for tax, accounting, and audit purposes; and
  • cumbersome onboarding, because teams can open a fully-operational account within two business days, and open up additional accounts and legal entities in minutes after that.

Dinara’s long term vision is to remove friction for any business that wants to hold, manage, or transact in both crypto and fiat. As digital assets continue to permeate company operations and the broader economy, teams will need a banking services solution that is built for crypto and provides the connective tissue with the traditional financial system.

Dinara dramatically removes friction and delivers a superior customer experience, and does so with a regulatory compliant platform. Come build your business with a partner that provides the financial services infrastructure you need, so that you can focus more time innovating and pushing crypto forward.

To learn more, reach out to sales@dinara.com and follow us on Twitter @dinaratech for updates! Read more on Mirror here.

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