Dinari turns shares held by a broker into tokens that can move through wallets and financial apps. Its wager is that a stock can keep its familiar legal machinery while gaining a new way to circulate.
Michael Sanocki is the founder and CEO of RQD* Clearing, a New York-based cloud-native correspondent clearing firm that processes billions of dollars of US equity and options trades daily. An attorney by training who spent years inside the SEC, the ISE options exchange, and Volant Trading before running RQD, he argues that legacy clearing is 'broken' and is rebuilding it in real time on Microsoft Azure.