Dinari launched tokenized U.S. stocks for eligible American investors on Tuesday, letting them trade 724 blockchain-based shares including all S&P 500 companies using Circle's USDC stablecoin through self-custody wallets. The offering spans Ethereum, Arbitrum, Base and Avalanche, with Solana and Sei support rolling out soon.
The company built the infrastructure through its regulated broker-dealer and transfer agent, partnering with Circle, Stripe-owned Privy, Para and Monaco. This brings the custodial tokenization model directly to U.S. retail and institutional players, eliminating the offshore workarounds that competitors like Robinhood and Kraken's parent Payward have used so far.
The race for real-world assets heats up
Tokenized equities are becoming the next frontier after blockchain platforms proved their mettle with tokenized Treasury funds. Ondo Finance unveiled an SEC-aligned framework last month backed by BlackRock's iShares Core S&P 500 ETF and Micron shares, though those products aren't yet available domestically. Citi estimates the tokenized securities market could hit $5.5 trillion by 2030, drawing major players into competing custody models and settlement structures.
The sector is fracturing into different approaches. Offshore-based tokenization mirrors publicly traded shares for non-U.S. investors. Ondo's framework aligns with SEC requirements. Dinari's self-custody route targets domestic investors directly. Each model bets blockchain can modernize trading speed, settlement times and shareholder recordkeeping. The winner gets a piece of a market that barely existed two years ago.
This article is for informational purposes and should not be considered financial advice or investment guidance.
