Dinari is bringing its tokenized U.S. stock offering to eligible U.S. investors, expanding a platform that lets users buy and sell blockchain-based versions of equities through self-custody crypto wallets. The company said the service supports 724 tokenized U.S. stocks, including every company in the S&P 500, with purchases made using Circle’s USDC stablecoin.
The launch matters because tokenized equities are becoming a major focus within the real-world asset market. After tokenized U.S. Treasury funds gained traction as an institutional use case, companies are increasingly looking at public equities as the next area where blockchain infrastructure could be used for trading, settlement and shareholder recordkeeping.
Dinari’s stock tokens, called dShares, are available on Ethereum, Arbitrum, Base and Avalanche, with Solana and Sei support planned. The offering runs through Dinari’s regulated broker-dealer and transfer agent infrastructure, and launches with partners including Circle, Privy, Para and Monaco.
The company is using a third-party custodial model. According to the source, dShares are backed one-for-one by ordinary stocks and exchange-traded funds held in regulated brokerage accounts, while reflecting dividends, voting rights, stock splits and other corporate actions.
Dinari’s move also highlights competing approaches to tokenized stocks. Robinhood and Kraken parent Payward have expanded offshore synthetic products that are not available to U.S. investors, while Ondo Finance has outlined a framework tied to an SEC-registered transfer agent. Other firms, including Securitize and Figure, have pursued issuer-sponsored models where companies issue shares directly onchain.
The rollout will begin with limits as Dinari tests the USDC funding, brokerage and settlement process in live conditions. CEO Gabe Otte told CoinDesk the restrictions are operational safeguards while the company checks that the system works properly before expanding access further.