Dinari Inc., a pioneer in tokenized U.S. public equities, and tZERO Group, Inc., a provider of regulated blockchain-based financial infrastructure, have announced a strategic partnership to create an operating framework for broker-dealers to offer tokenized U.S. equities. The collaboration aims to bring together the core market capabilities needed for broker-dealers to launch, trade, custody, clear, settle, and service tokenized U.S. equities through a single network integration, according to a press release.
By combining Dinari's dShares™ technology and blockchain-based servicing with tZERO's regulated brokerage, custody, clearing, settlement, and shareholder servicing, the partnership offers a unified way for broker-dealers to integrate tokenized equity offerings into their existing businesses. Each dShare is backed by the corresponding underlying security held with licensed custodians, preserving the rights, protections, and ownership associated with equity investing, including cash dividends, best trade execution at NBBO, automated corporate actions, and a direct claim on backing securities.
Gabriel Otte, Co-Founder and CEO of Dinari Inc., emphasized the importance of making tokenized equities accessible to broker-dealers. "Tokenized equities won't reach mainstream adoption until broker-dealers can offer them as naturally as they offer traditional securities," he said. "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."
Alan Konevsky, Chairman and Chief Executive Officer of tZERO, highlighted the need for turnkey regulated infrastructure. "Broker-dealers want more than tokenized assets – they need turnkey regulated infrastructure, operational simplicity, and economics that make adoption worthwhile," he stated. "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, known demand and developed market infrastructure."
The collaboration will support broker-dealers with capabilities including native 24/7 trading for eligible tokenized equities, native fractional execution for dollar-based investing, stablecoin-enabled settlement and dividend processing, automated corporate actions, flexible custody models such as omnibus accounts and self-custody wallets, and API connectivity for fintechs and RIAs. Future plans include support for compliant on-chain liquidity, collateral, financing, and issuer-sponsored dShares programs.
This partnership marks a significant step in Dinari's vision for the dShares™ Financial Network, connecting broker-dealers, exchanges, issuers, custodians, and other regulated participants through a shared market framework. As the network expands, participating firms are expected to benefit from broader distribution, deeper liquidity, more efficient post-trade workflows, and additional commercial opportunities. For more information, visit Dinari's blog.
The announcement underscores the growing momentum toward tokenized securities, aiming to bridge traditional finance and decentralized ecosystems while providing regulated solutions that appeal to institutional users. By simplifying integration and enhancing functionality, the partnership could accelerate the adoption of tokenized equities among broker-dealers and their clients.
