Dinari brings tokenized U.S. stocks to American investors as equity race heats up
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Dinari, a U.S.-based tokenized equities firm, has launched its platform for eligible American investors to buy and sell 724 tokenized U.S. stocks via self-custody crypto wallets using the USDC stablecoin. The company's tokens, called dShares, are backed one-for-one by ordinary stocks held in regulated brokerage accounts and operate on multiple blockchains. Dinari operates its offering through a regulated broker-dealer subsidiary, having worked with regulators to enable USDC funding of stock purchases.
Why it matters
According to the source, tokenized equities are emerging as the next significant segment in real-world assets after tokenized Treasury funds. Dinari's launch reflects growing competition in bringing public equities onto blockchains, which could modernize trading, settlement, and recordkeeping. The regulatory approval of stablecoin funding for stock buys could pave the way for new models in tokenized securities markets.
Key context
Dinari uses a custodial model where traditional brokerage accounts hold the underlying shares, aligning with the SEC framework. The sector is divided between issuer-sponsored onchain shares, custodial third-party models like Dinari, and synthetic offshore offerings. Last year, Dinari became the first tokenized-stock provider with a U.S. broker-dealer registration. The firm spent about a year gaining regulatory approval to accept stablecoins as payment for stock purchases from self-custody wallets.
Key numbers and entities
Dinari offers 724 tokenized U.S. stocks, including all companies in the S&P 500. It currently manages about $10 million in tokenized stocks within a market estimated at $2.2 billion. The company raised over $22 million from investors such as Hack VC, Blockchange Ventures, VanEck Ventures, F-Prime, and Blizzard (Avalanche ecosystem fund). Partner organizations include Circle, Stripe-owned Privy, Para, and Monaco.
What remains unclear
The source does not flag open questions but notes that Dinari will start with operational limits to test its USDC funding, brokerage, and settlement system under live conditions before a broader rollout.