Dinari Inc., the pioneer of the custodial model of tokenized U.S. public equities, and tZERO Group, Inc., a leader in 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 combine Dinari’s dShares technology and blockchain-based servicing with tZERO’s regulated brokerage, custody, clearing, settlement, and shareholder servicing capabilities. By integrating these components, the partnership intends to provide a unified way for broker-dealers to seamlessly offer tokenized equity offerings to their customers through a single network integration.
Tokenized equities represent digital representations of traditional stocks, allowing for benefits like 24/7 trading and fractional ownership. However, widespread adoption has been hindered by the lack of integrated infrastructure. Gabriel Otte, Co-Founder and CEO of Dinari Inc., emphasized that tokenized equities will not reach mainstream adoption until broker-dealers can offer them as naturally as traditional securities. “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,” Otte said. The end goal is to enable investors to do more with their stocks.
Each dShare issued by Dinari 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 cash dividends, best trade execution at NBBO, automated corporate actions, and a direct claim on backing securities. Alan Konevsky, Chairman and CEO of tZERO, noted that broker-dealers need more than just tokenized assets; they require turnkey regulated infrastructure and operational simplicity. “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,” Konevsky said.
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, stablecoin-enabled settlement and dividend processing, automated corporate actions, and flexible custody models such as omnibus accounts and individual self-custody wallets. Additionally, the collaboration will offer API connectivity for broker-dealers, fintechs, RIAs, neobanks, and other financial platforms. Future plans include compliant on-chain liquidity, collateral, financing, and issuer-sponsored dShares programs designed 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 will 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.
