Dinari is set to introduce its platform for tokenized U.S. equities to eligible investors in the United States, enhancing the custodial tokenization model within the domestic market.
The company announced on Tuesday that investors can engage in the buying and selling of 724 tokenized U.S. stocks, which includes all companies listed in the S&P 500. Transactions will be conducted using Circle's USDC stablecoin through self-custody wallets. The tokens will be available on networks including Ethereum, Arbitrum, Base, and Avalanche, with plans to support Solana and Sei in the near future.
This offering operates via Dinari's regulated broker-dealer and transfer agent framework, in collaboration with partners such as Circle (CRCL), Privy (owned by Stripe), Para, and Monaco.
As the tokenized equity market begins to take shape, it is seen as a crucial area for real-world assets, following the rapid adoption of tokenized U.S. Treasury funds. Firms are increasingly looking at public equities, believing that blockchain technology can enhance trading, settlement, and shareholder recordkeeping processes. Citi estimates that the tokenized securities market could reach a value of $5.5 trillion by 2030.
Tokenized stocks market (RWA.xyz)Emerging Competing Models
The landscape is diversifying into various tokenization models. Companies like Robinhood (HOOD) and Kraken's parent company Payward are expanding their tokenized stock offerings internationally using offshore frameworks that replicate publicly traded shares.
Recently, Ondo Finance ONDO$0.3723 revealed an SEC-compliant framework for tokenized stocks that are backed by BlackRock's iShares Core S&P 500 ETF (IVV) and shares of Micron (MU), although these options are not yet available to U.S. investors.
Meanwhile, Securitize (SECZ) advocates for public companies to issue securities directly on blockchains, proposing to list on-chain versions of its NYSE-listed shares alongside its public debut.
Dinari positions itself as a middle ground in this evolving space. Its dShares are fully backed by actual shares held by regulated custodians, a structure that Dinari claims protects shareholder rights, including dividends, voting, and corporate actions, while allowing investors to maintain self-custody of their assets and trade using USDC.
The company notes that its tokenized stocks can be accessed through its trading app and partner platforms, with investors able to receive dividends directly in USDC. Dinari has already distributed its dShares across more than 85 jurisdictions, and this latest launch extends its offerings to eligible U.S. investors.