Salesforce (Dinari Tokenized Stock)
CRM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Salesforce (Dinari Tokenized Stock) [CRM] is a 1:1 asset-backed Real World Asset (RWA) dShare token issued by Dinari Inc., offering on-chain economic exposure to Salesforce common equity. Active Development (7.8/10), Team and Governance (7.8/10), and Security and Audit History (8.2/10) demonstrate strong institutional rigor, backed by SEC-registered transfer agent infrastructure, $24M in venture funding, robust multi-chain deployments, and clean audits from Hacken, Sherlock, and Pashov with zero recorded exploits or defaults. However, Tokenomics (6.0/10), Market and Use Case (4.5/10), and Community Support (3.0/10) reflect severe constraints: minimal circulating supply (~58 tokens), micro-cap on-chain valuation ($11,000-$15,000), near-zero secondary trading volume, strict whitelisting/KYC centralized controls, and virtually no grassroots community engagement. No qualifying red-flag events or data gaps were detected, yielding an overall weighted score of 6.3/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Salesforce (Dinari Tokenized Stock) (CRM)
Salesforce (Dinari Tokenized Stock), trading under the ticker CRM, is a Real World Asset (RWA) token issued by Dinari Inc. through its dShares platform. It provides on-chain economic exposure to common shares of Salesforce, Inc. on a 1:1 asset-backed basis. The token is deployed across multiple blockchain networks, including Ethereum, Arbitrum One, Avalanche, and Base. Token holders receive pass-through dividends distributed in stablecoins such as USDC, though the tokens do not confer direct corporate voting rights.
The underlying assets supporting CRM are held in custody via broker-dealer infrastructure with Alpaca Securities LLC, while Dinari operates as an SEC-registered Transfer Agent. The minting and burning mechanism is managed directly through Dinari's smart contract infrastructure, which enforces regulatory compliance through identity verification (KYC/AML) and on-chain transfer restrictions. The platform's smart contracts have undergone security audits by firms including Hacken, Sherlock, and Pashov Audit Group, with no exploits or security breaches reported.
While the protocol operates under a registered regulatory framework, the CRM token exhibits structural risks and limitations. Governance and compliance remain centralized under Dinari's management, and token transfers are restricted to whitelisted participants. Additionally, on-chain adoption remains limited, characterized by a circulating supply of approximately 58 tokens, a micro-cap valuation between $11,000 and $15,000, and minimal secondary market trading liquidity.