Key facts
- Dinari has launched its platform for tokenized U.S. stocks to eligible American investors.
- The platform allows trading of 724 tokenized U.S. stocks, including all S&P 500 companies.
- Trading is conducted using Circle's USDC stablecoin through self-custody crypto wallets.
- The stock tokens are currently available on Ethereum, Arbitrum, Base, and Avalanche.
- Dinari's offering is backed by underlying shares held by regulated custodians, preserving shareholder rights.
Dinari, a tokenized equities firm, has expanded its platform to eligible U.S. investors, allowing them to buy and sell 724 tokenized U.S. stocks, including all S&P 500 companies, using Circle's USDC stablecoin through self-custody wallets. The stock tokens are available on Ethereum, Arbitrum, Base, and Avalanche, with Solana and Sei support forthcoming. This launch operates via Dinari's regulated broker-dealer and transfer agent infrastructure and involves partners like Circle, Stripe-owned Privy, Para, and Monaco.
The move signifies a growing competition in the tokenized equity market, which is emerging as a significant area for real-world asset tokenization following the success of tokenized Treasury funds. Citi projects the tokenized securities market could reach $5.5 trillion by 2030. Dinari's model is positioned between offshore tokenized stock offerings from companies like Robinhood and Kraken, and frameworks like Ondo Finance's SEC-aligned approach. Dinari's dShares are backed one-to-one by underlying shares held by regulated custodians, aiming to preserve shareholder rights such as dividends and voting, while enabling self-custody and trading with USDC. Investors can receive dividends directly in USDC.