Dinari, tZERO launch platform for tokenized U.S. equities | PiQ Markets
Dinari, tZERO launch platform for tokenized U.S. equities
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IN SHORT
Tokenization specialists Dinari and tZERO are partnering to create a turnkey platform for broker-dealers to offer tokenized U.S. equities. The combined offering will integrate issuance, trading, custody, settlement, and shareholder servicing within a regulated framework, aiming to simplify the adoption of blockchain-based securities.
Key Numbers
2 minread time
June 2025Dinari broker-dealer registration date
Who's Involved
Dinari
Tokenization specialist developing a platform for U.S. equities
tZERO
Broker-dealer providing regulated infrastructure for blockchain-based securities
Gabriel Otte
Co-founder and CEO of Dinari
↳ Why This Matters
This partnership aims to streamline the adoption of tokenized U.S. equities by providing a comprehensive, regulated platform for broker-dealers, potentially accelerating the integration of blockchain technology into traditional stock markets.
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.
Frequently asked questions
Dinari provides its tokenized stock platform, dShares, which are backed one-for-one by underlying shares held with regulated custodians, while preserving shareholder rights.
tZERO offers its regulated brokerage, custody, clearing, and settlement infrastructure, along with shareholder servicing capabilities.
The goal is to create a turnkey solution that allows broker-dealers to offer tokenized U.S. equities as easily as traditional securities, driving mainstream adoption.
Tokenized equities are digital representations of traditional stocks that exist on a blockchain, aiming to modernize trading, settlement, and recordkeeping.
What Happens Next
01The firms will continue to develop and market the turnkey platform to broker-dealers.
02Further integration of onchain collateral and financing services is planned for the platform.
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How It Developed
Dinari and tZERO are collaborating on a platform for tokenized U.S. equities.
The platform will integrate Dinari's tokenized stock capabilities with tZERO's brokerage and settlement infrastructure.
The partnership aims to simplify the process for financial firms to launch blockchain-based equity offerings.
Dinari CEO Gabriel Otte stated that mainstream adoption requires broker-dealers to offer tokenized equities as easily as traditional securities.
The move occurs as tokenized equities gain traction, following institutional trends in tokenized U.S. Treasury funds.
Firms are exploring various models for tokenized stocks, including synthetic tokens and issuer-sponsored onchain versions.
Dinari's dShares are backed by underlying shares held in regulated custodians, preserving shareholder rights.
The partnership with tZERO adds regulated brokerage infrastructure, including trading, custody, clearing, settlement, and shareholder communications.
