Dinari launches wallet-first tokenized S&P 500 trading for U.S. investors Dinari has opened tokenized access to the entire S&P 500 for eligible U.S. investors, letting users buy and sell blockchain-based shares that are backed one-to-one by the underlying stocks. The move expands the company’s wallet-first equities platform and aims to link the roughly $300 billion stablecoin market with the more than $60 trillion U.S. equities market. How it works - Users fund accounts with USDC (rather than routing through a traditional brokerage) and hold tokenized shares directly in compatible self-custody wallets. - Each tokenized security — branded a “dShare” — is backed 1:1 by the corresponding stock held in regulated custody. Dinari says holders retain associated rights, including voting power, corporate actions, and cash dividends (paid in USDC), plus the ability to redeem based on market prices. - Trades settle on blockchain infrastructure, enabling near-instant settlement versus the conventional settlement cycle. Tokenized portfolios can also move between supported platforms, instead of being locked into one brokerage. Partnerships, scope and availability - Dinari is working with Circle on the stablecoin payments side; Circle declined to comment, citing a quiet period ahead of earnings. - The platform is already live across 85 jurisdictions outside the U.S. rollout and supports 6,139 active tokenized assets. - Dinari says its new product expands a broader effort to connect regulated financial institutions with blockchain settlement, most recently through the Dinari Financial Network — a framework for issuance, trading, custody, settlement, dividends and corporate actions. Early partners in the network include Gemini, BitGo and VanEck. Dinari also worked with S&P Dow Jones Indices and Chainlink to bring the S&P Digital Markets 50 Index on-chain. Regulatory posture and background - Dinari emphasizes compliance: it operates as an SEC-registered transfer agent, and its broker-dealer subsidiary is SEC-registered and a member of FINRA and SIPC. In July 2024 the company joined the Blockchain Association to engage in U.S. policy discussions on tokenized securities and market structure. - Founded in 2021 by Gabriel Otte (formerly of Freenome), Chas Rampenthal (ex-LegalZoom) and Brandon Ooi (Crunchyroll founder), Dinari says the product was motivated by a desire to give investors more transparency and control than they get from conventional wealth-management and brokerage systems. CEO Gabriel Otte has criticized centralized intermediaries like the DTCC as barriers to moving assets freely between brokerages, arguing blockchain can let investors hold tokenized securities directly in wallets. Market context and competition - Interest in tokenized equities is rising: a16z reported tokenized stock market value climbed roughly 600% to about $1.7 billion by the end of June as more firms move into blockchain versions of securities. - Other market entrants include Securitize and Figure (which have focused often on private or specialized assets), while larger firms are testing public-market offerings: Robinhood launched tokenized stock products for eligible European users, and Coinbase and Base have said they’re working toward one-to-one-backed tokenized equities under regulated structures. Why it matters — and what to watch - Potential benefits: faster settlement, wallet-level control, cross-platform portability and a direct fiat-on/off ramp via stablecoins could materially change investor experience and market plumbing. - Open questions: wide adoption hinges on regulatory clarity, custodial and custody-transfer practices, how dividends and corporate actions are handled operationally, and whether institutional participants and retail investors will accept wallet custody for mainstream equities. Dinari’s U.S. rollout represents another step in tokenization moving from niche assets into mainstream public markets. As competition grows and regulators continue to scrutinize tokenized securities, the product’s success will depend on execution, compliance, and whether market participants embrace a wallet-first model for traditional equities.
Dinari Launches Tokenized S&P 500 Trading for U.S. Investors
ChainGPTShare
Summary
Dinari has launched tokenized S&P 500 trading for U.S. investors through a wallet-first, USDC-backed platform. The offering includes dShares—blockchain-based assets backed one-to-one by underlying stocks, enabling voting rights and dividends in USDC. The move brings blockchain news closer to traditional finance, with the platform aiming to connect the $300 billion stablecoin market to the $60 trillion equities market. Dinari partners with Circle, operates in 85 jurisdictions, and supports over 6,139 tokenized assets. Market news highlights the launch as a key step in bridging digital and traditional assets, with the firm emphasizing SEC compliance and policy engagement through the Blockchain Association.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.