Dinari has made 724 tokenized US stocks available for trading across multiple blockchains, allowing US investors to hold equities in self-custody wallets funded with USDC. The launch spans Ethereum, Avalanche, Arbitrum, and Base, with Sei and Solana support coming soon.
The move expands the tokenized equity market in the US at a moment when regulatory clarity around on-chain securities trading remains incomplete. The SEC has not issued formal guidance on token-wrapped stocks held in non-custodial wallets, leaving platforms like Dinari operating in a legal gray zone where existing investment rules apply but enforcement boundaries are undefined.
Dinari, founded by former employees of Stripe and other fintech firms, wraps fractional shares of real US stocks into ERC-20 tokens, allowing programmable settlement and wallet-based ownership without a traditional brokerage intermediary. Each token maintains a claim on the underlying equity held in custody.
The 724-stock universe covers major indices and includes companies across sectors. Competitors in the tokenized equity space remain limited; most crypto platforms offering equity derivatives do so through futures or perpetual contracts rather than direct token-backed holdings. Dinari's direct tokenization approach requires custody of the underlying shares, a constraint that shapes both its regulatory exposure and operational costs.
US investors have historically faced friction accessing tokenized securities, as most platforms either operate outside US jurisdiction or restrict US participation to accredited investors. Dinari says its launch removes that restriction for the 724 listed stocks, though the company has not disclosed whether it holds SEC approval or operates under any specific regulatory framework for the offerings.
The company also announced that US businesses can now trade and hold these tokens, expanding the use case beyond retail investors to corporate treasuries and payment flows. No other major platform has explicitly marketed tokenized equity trading to corporate entities in the US market.
Dinari's expansion to four major EVM-compatible chains follows broader infrastructure maturity in the tokenized asset space. Ethereum remains the primary venue for on-chain securities products, but Base, Arbitrum, and Avalanche have competed for transaction volume with lower fees and faster settlement times. Base, powered by Coinbase's layer-2 network, has captured significant institutional activity over the past year.
The regulatory environment for tokenized securities at the federal level remains static. The SEC has issued no new rules specific to blockchain-based equity tokens since 2023. State-level frameworks vary, and most US states have not amended securities codes to address self-custody holdings of tokenized equities. Dinari operates under the assumption that existing securities law, combined with its custody model, provides sufficient legal cover, but no enforcement history yet exists to test that assumption.
With 724 stocks live and two additional blockchains pending, Dinari now covers a substantial portion of liquid US equities on chain. Whether institutional capital follows the infrastructure depends partly on regulatory clarity and partly on whether self-custody ownership of tokenized stocks offers material advantages over traditional brokerage accounts, a question the market has not yet answered at scale.
