Assets/SNAD

DORRS MARKET INTELLIGENCE

Snap-on Incorporated Dinari dShares

SNADEquityDinari
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ASSET PROFILE

Business description

CDI CDI-3720751744

Snap-on is a manufacturer of premium tools, equipment, and diagnostics for professional technicians, primarily involved in the repair of passenger cars but having expanded into other industrial applications. The company's legacy business is selling hand tools through franchisee-operated mobile vans to technicians who purchase the tools at their own expense. The company also operates a commercial and industrial business that is focused on repair facilities serving other industries. The third segment, repair systems and information, targets auto OEMs and large dealerships more directly and also offers substantial diagnostic solutions to aid repairs. The company's finance arm provides financing to franchisees to run their operations, as well as underwriting end customer purchases. Snap-on Incorporated Dinari dShares provides blockchain-based exposure to the listed underlying security SNA. 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.

TRADING ACTIVITY

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