Key facts
- Dinari and tZERO are partnering to create a turnkey platform for tokenized U.S. equities.
- The platform will integrate issuance, trading, custody, settlement, and shareholder servicing.
- The goal is to enable broker-dealers to offer tokenized equities as easily as traditional securities.
- Dinari's dShares are backed one-for-one by underlying shares held with regulated custodians.
- tZERO provides regulated brokerage, custody, clearing, and settlement infrastructure.
- Dinari obtained a broker-dealer registration in June 2025.
Tokenization specialists Dinari and tZERO are collaborating to launch a turnkey platform aimed at broker-dealers for tokenized U.S. equities. This partnership seeks to simplify the process for financial firms to offer blockchain-based equity products by integrating issuance, trading, custody, settlement, and shareholder servicing into a single regulated framework.
Dinari CEO Gabriel Otte emphasized that mainstream adoption of tokenized equities hinges on broker-dealers being able to offer them as seamlessly as traditional securities. The initiative arrives as tokenized equities are becoming a significant focus in the real-world assets sector, following the trend of tokenized U.S. Treasury funds.
Various approaches to tokenized stocks are emerging. Some firms, like Robinhood and Kraken's xStocks, are creating synthetic tokens representing shares through offshore structures for international investors. Others, such as Securitize, advocate for issuer-sponsored tokenization, where companies issue onchain versions of their stock directly. Dinari positions itself in the middle, with its dShares backed by actual shares held by regulated custodians, while ensuring shareholder rights are maintained.
The integration with tZERO's established infrastructure is key to the partnership, adding regulated brokerage, custody, clearing, settlement, and shareholder communication services. tZERO, founded in 2014, was an early mover in building regulated infrastructure for blockchain securities markets. Dinari, established in 2021, secured its broker-dealer registration in June 2025, becoming the first U.S. platform authorized to legally offer blockchain-based shares to domestic investors.