Dinari brings the entire S&P 500 onchain for US investors

Dinari has launched 724 tokenized US stocks for eligible investors and businesses in the United States through a partnership with Circle.

The offering allows investors to buy and sell the assets from self custody wallets using Circle’s USDC stablecoin. Dinari said it is the first platform to make tokenized US listed stocks available to American investors through this structure.

The initial catalog includes every company in the S&P 500. The assets are issued as dShares, which are backed by corresponding underlying securities held in qualified custody.

Dinari said the structure is designed to provide NBBO execution, voting rights, dividends, corporate actions and ownership rights connected to the backing security.

Under Dinari’s model, its registered broker dealer acquires the underlying security in a custodial brokerage account. A corresponding dShare is then issued to a verified wallet, with each token backed one for one by a share held in custody.

The tokenized stocks are available through the Dinari Trading App and launch partners including Monaco, Eldora, Kredete, Yield.xyz, Liminal, Para, Privy and Axal.

Dinari currently supports Ethereum, Avalanche, Arbitrum and Base. The company plans to add support for Sei and Solana.

The launch also adds native USDC dividend payments, allowing eligible investors to receive dividend proceeds directly in their wallets. Dinari said the funds can then be used across supported onchain financial applications.

Broker dealers can also license Dinari’s API infrastructure to provide tokenized equity access through their own platforms.

The Securities and Exchange Commission described custodial tokenized securities in a January statement as crypto assets representing an interest in an underlying security held by a third party. The agency said tokenized securities remain subject to federal securities laws regardless of whether ownership records are maintained onchain or through conventional systems.

Dinari Inc. is registered with the SEC as a transfer agent. Its subsidiary Dinari Securities is a separately registered broker dealer and a member of FINRA and SIPC. Dinari said the subsidiary does not issue, offer or distribute dShares.

The US launch follows Dinari’s international rollout, where its tokenized equities are distributed through fintech platforms, exchanges, neobanks and Web3 applications across more than 85 jurisdictions.