Dinari Inc., a pioneer in tokenized U.S. public equities, and tZERO Group, Inc., a leader in regulated blockchain-based financial infrastructure, have announced a strategic partnership aimed at creating an operating framework for broker-dealers to offer tokenized U.S. equities. The collaboration seeks to combine the core market capabilities needed for broker-dealers to launch and operate tokenized equity offerings through a single integration, addressing key barriers to mainstream adoption.
By integrating Dinari's dShares™ technology and blockchain-based servicing with tZERO's regulated brokerage, custody, clearing, settlement, and shareholder servicing, the partnership intends to offer a unified solution. This will enable broker-dealers to seamlessly incorporate tokenized U.S. equities into their existing businesses, bridging the gap between traditional securities and digital assets.
"Tokenized equities won't reach mainstream adoption until broker-dealers can offer them as naturally as they offer traditional securities," said Gabriel Otte, Co-Founder and CEO of Dinari Inc. "By bringing together the critical components required to support tokenized equities, we're making it significantly easier for broker-dealers to launch and scale these offerings, and providing the rails for new products and services built on top of tokenized securities."
Each dShare™ is backed by the corresponding underlying security held with licensed custodians, preserving the rights, protections, and ownership associated with equity investing. This includes passing through features such as cash dividends, best trade execution at NBBO, automated corporate actions, and a direct claim on backing securities. The custodial model aims to provide the security and trust of traditional equities while unlocking the flexibility of digital assets.
"Broker-dealers want more than tokenized assets – they need turnkey regulated infrastructure, operational simplicity, and economics that make adoption worthwhile," said Alan Konevsky, Chairman and CEO of tZERO. "This collaboration is intended to provide a practical path for firms to participate in tokenized securities markets through a framework that combines issuance, trading, custody, clearing, settlement, and asset servicing built around proven products."
The partnership will support broker-dealers with multiple capabilities, including native 24/7 trading for eligible tokenized equities, native fractional execution for dollar-based investing and automated rebalancing, stablecoin-enabled settlement and dividend processing, automated corporate actions and proxy support, flexible custody models including omnibus accounts and self-custody wallets, and API connectivity for fintechs, RIAs, neobanks, and other platforms. Future plans include support for compliant on-chain liquidity, collateral, financing, and DeFi-compatible programs, as well as issuer-sponsored dShares™ programs to expand distribution and shareholder engagement.
This partnership marks a significant step in Dinari's broader vision for the dShares™ Financial Network, which aims to connect broker-dealers, exchanges, issuers, custodians, and other regulated market participants through a shared market framework for tokenized securities. As the network expands, participating firms are expected to benefit from broader distribution, deeper liquidity, more efficient post-trade workflows, and additional commercial opportunities across tokenized capital markets. For more information on the dShares™ Financial Network, visit Dinari Inc.'s blog.
