DORRS MARKET INTELLIGENCE
Marqeta, Inc. Class A Common Stock Dinari dShares
ASSET PROFILE
Business description
Headquartered in Oakland, California, and founded in 2010, Marqeta provides its clients with a card-issuing platform that offers the infrastructure and tools necessary to offer digital, physical, and tokenized payment options without the need for a traditional bank. The company's open APIs are designed to allow third parties like DoorDash, Klarna, and Block to rapidly develop and deploy innovative card-based products and payment services without the need to develop the underlying technology. The company generates revenue primarily through processing and ATM fees for cards issued on its platform. Marqeta, Inc. Class A Common Stock Dinari dShares provides blockchain-based exposure to the listed underlying security MQ. Dinari represents that each dShare is backed 1:1 by the corresponding underlying security and supports on-chain transfer, settlement, redemption, and applicable corporate actions.
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