Dinari and tZERO launch turnkey tokenized U.S. equities platform for broker-dealers

Dinari and broker-dealer tZERO are partnering to deliver a turnkey platform for tokenized U.S. equities for broker-dealers. The deal combines Dinari’s tokenized stock issuance technology with tZERO’s brokerage, custody, clearing and settlement infrastructure. The goal is to let financial firms launch tokenized U.S. equities without building the market plumbing themselves. Dinari CEO Gabe Otte said mainstream adoption depends on broker-dealers being able to offer tokenized equities as seamlessly as traditional securities. The move arrives as tokenized stocks become the next major real-world assets battleground after Treasury tokenization. Approaches differ across the market: - Some players use offshore “synthetic tokens” structures to represent public shares (examples cited: Robinhood and Kraken’s xStocks). - Others argue for issuer-sponsored tokenization, where the company issues the onchain shares directly (Securitize referenced for listings tied to Avalanche and Solana). - Dinari takes a “middle ground” with dShares backed one-for-one by underlying shares held by regulated custodians, while preserving shareholder rights like dividends and corporate actions. With tZERO added, the platform is also expected to cover clearing, settlement, shareholder communications, and future onchain collateral/financing services. Dinari says it supports regulated access after obtaining broker-dealer registration for a subsidiary in June 2025. For traders, the announcement is primarily about infrastructure progress for tokenized U.S. equities rather than immediate trading of a new token—though it can influence sentiment around onchain capital markets readiness.