Tokenized US stocks open to Americans for the first time, says Dinari
Dinari has launched 724 tokenized US equities for eligible American investors and businesses, partnering with Circle to enable S&P 500 trading via self-custody wallets using USDC, with dividends paid natively in the stablecoin.
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@DinariGlobal has opened its tokenized equities platform to eligible American investors and businesses for the first time, listing 724 US-listed stocks including every company in the S&P 500. Investors can buy and sell the tokenized shares using Circle's $USDC stablecoin through self-custody wallets. The firm says this marks the first time US persons can access tokenized US-listed stocks directly from their own wallets.
The launch also extends to financial institutions via Dinari's broker-dealer subsidiary, Dinari Securities LLC, allowing broker-dealers, banks, fintechs and wealth platforms to offer tokenized securities products to both retail and institutional customers through a single technology integration. Dinari operates as a registered broker-dealer and SEC-registered transfer agent, holding memberships with FINRA and SIPC.
How dShares Work
Dinari's tokenized shares, known as dShares, are backed one-for-one by underlying stocks held in qualified custody. The structure is designed to provide NBBO execution, voting rights, dividends, corporate actions and ownership rights connected to the backing security, with dividends paid in $USDC. The offering runs through Dinari's regulated broker-dealer and transfer agent infrastructure, with partners including Circle, Stripe-owned Privy, Para and Monaco.
The stock tokens are available across Ethereum, Arbitrum, Base and Avalanche, with support for Solana and Sei coming soon. Dinari's dShares are already distributed in more than 85 jurisdictions, with this launch extending the offering to eligible US investors and businesses for the first time.
A Crowded but Growing Market
Dinari describes itself as a bridge between the $300 billion stablecoin market and the more than $60 trillion US equities market. The launch comes at a competitive moment for tokenized equities. Robinhood and Payward, Kraken's parent company, operate tokenized stock services outside the US through offshore structures, while Ondo Finance recently unveiled an SEC-compliant framework tied to BlackRock's iShares Core S&P 500 ETF and Micron stock, though it is not yet available to US investors.
According to a recent report by venture firm a16z crypto, the market capitalisation of tokenized stocks grew approximately 600% to roughly $1.7 billion by the end of June. Citigroup has projected that the tokenized securities market could grow to $5.5 trillion by 2030.
Sources:
PR Newswire: Dinari launches 724 tokenized stocks available to both US investors and businesses
CoinDesk: Dinari brings tokenized U.S. stocks to American investors
Fortune: Dinari partners with Circle to offer tokenized stocks to U.S. investors
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.