Dinari Opens 724 Tokenized Stocks to US Investors, Allowing S&P 500 Trading in USDC

Dinari, a tokenized stock platform, has officially launched a blockchain-based US equities service for investors in the US.

CoinDesk reported on Aug. 4 that Dinari opened 724 tokenized stocks to eligible US investors, including all S&P 500 constituents. Investors can buy and sell the stock tokens directly from self-custody wallets using Circle's USDC stablecoin.

The tokens trade on Ethereum, Arbitrum, Base and Avalanche, with support for Solana and Sei expected to be added soon. The service operates through Dinari's infrastructure as a registered broker-dealer and transfer agent. Circle, Privy, Para and Monaco are among its partners.

Dinari's tokenized shares, known as dShares, are backed one-for-one by underlying stocks held by a regulated custodian. Investors retain shareholder rights including dividends, voting rights and other corporate actions while holding the assets in self-custody wallets. Dividends are paid in USDC.

The tokenized equities market is drawing competing models. Robinhood and Payward, Kraken's parent company, operate tokenized stock services outside the US through offshore structures. Ondo Finance last month 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. Citigroup has projected that the tokenized securities market could grow to $5.5 trillion by 2030.

Dinari already distributes dShares in more than 85 countries. With the latest launch, it has expanded the service to the US market.