- Dinari will integrate as technology provider into third-party trading platforms via API, targeting institutional desks and brokerage integrations.
- Gabriel Otte said dShares establish legal foundation for on-chain equity trading and secure regulatory approval in US markets.
Dinari received SEC approval to operate as a stock broker using decentralized networks. The San Francisco startup plans to offer tokenized shares, called dShares, to U.S. investors. The launch should occur in the coming months.
The SEC’s green light makes Dinari the first U.S. broker to trade tokenized equities on blockchain-like networks. Until now, only overseas users could buy these digital shares on platforms such as Coinbase’s Base network.
Under the new framework, Dinari holds the actual stocks while issuing dShares that represent those positions. Investors trade dShares just as they would ordinary shares, but settlements settle faster and fees drop. Moreover, trading never pauses, since networks run around the clock.
Dinari will act as a technology provider rather than offering direct retail service. The startup will integrate its platform into third-party apps and trading desks. Gabriel Otte, Dinari’s cofounder and CEO, said this approach lays a legal groundwork for on-chain stocks in the United States.
Otte added, “We aim to build a bridge between Bitcoin’s network and traditional finance.” He noted that no other firm has secured this level of regulatory approval for tokenized equities.
This comes as U.S. regulators show more support for crypto-based projects. According to recent reports, the Trump administration eased its stance on crypto assets, creating a friendlier startups such as Dinari, Coinbase and Kraken.
Dinari plans to begin operations next quarter
The firm has already struck deals with several market participants, though it has kept partner names confidential. Investors will watch closely to see whether dShares gain traction among brokers and asset managers.
If successful, Dinari could offer a new model for trading real-world assets. By blending blockchain networks with standard broker rules, the company stands to lower costs and speed up settlements.
