Dinari launches tokenized U.S. stocks for American investors
In brief
- Dinari expanded custodial tokenization to eligible U.S. investors with 724 tokenized stocks including S&P 500.
- Investors can trade USDC on Ethereum, Arbitrum, Base, and Avalanche, with Solana and Sei launching soon.
- Tokenized equities competition intensifies as Robinhood, Kraken, Ondo, and Securitize race for market share.
- Citi projects tokenized securities market could reach $5.5 trillion by 2030.
The Offering
Dinari's dShares are backed one-for-one by underlying shares held by regulated custodians, preserving shareholder rights such as dividends, voting, and corporate actions. The tokenized stocks are available across Ethereum, Arbitrum, Base and Avalanche, with support for Solana and Sei coming soon.
Dinari's tokenized stocks are available through its own trading app and partner platforms, with investors able to receive dividends directly in USDC. The launch includes partnerships with Circle, Stripe-owned Privy, Para and Monaco.
The Competitive Landscape
Tokenized equities have emerged as the next major battleground in real-world assets. Robinhood and Kraken parent Payward have expanded tokenized stock offerings outside the U.S. using offshore structures that mirror publicly traded shares.
Ondo Finance unveiled an SEC-aligned framework for tokenized stocks backed by BlackRock's iShares Core S&P 500 ETF and Micron shares, though those products aren't yet available to U.S. investors. Securitize has argued that public companies should eventually issue securities natively on blockchains, listing onchain versions of its own NYSE-listed shares alongside its public debut.
Market Outlook
The scale of opportunity is substantial. Citi projects tokenized securities could grow into a $5.5 trillion market by 2030. Dinari's dShares are already distributed in more than 85 jurisdictions before the U.S. launch, signaling strong international traction.
The U.S. expansion represents a turning point for blockchain-based equities. What started as an offshore experiment is now moving onshore, bringing self-custody and tokenization to mainstream American investors.
