Dinari Inc., a pioneer in tokenized U.S. public equities, and tZERO Group, Inc., a provider of regulated blockchain-based financial infrastructure, announced a strategic partnership to create an operating framework for broker-dealers to offer tokenized U.S. equities. The collaboration combines Dinari's dShares™ technology with tZERO's brokerage, custody, clearing, settlement, and shareholder servicing capabilities, enabling broker-dealers to integrate tokenized equity offerings through a single network integration.
Tokenized equities have yet to achieve mainstream adoption, partly due to the lack of seamless integration for broker-dealers. Gabriel Otte, Co-Founder and CEO of Dinari Inc., emphasized the importance of this partnership: "Tokenized equities won't reach mainstream adoption until broker-dealers can offer them as naturally as they offer 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." The end goal, according to Otte, is to enable investors to do more with their stocks.
Each dShare is backed by the corresponding underlying security held with licensed custodians, preserving the rights and protections of equity investing, including cash dividends, best trade execution at NBBO, automated corporate actions, and a direct claim on backing securities. Alan Konevsky, Chairman and CEO of tZERO, stated: "Broker-dealers want more than tokenized assets – they need turnkey regulated infrastructure, operational simplicity, and economics that make adoption worthwhile. 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."
The partnership will support broker-dealers with capabilities such as 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 various financial platforms. Future capabilities include compliant on-chain liquidity, collateral, financing, and issuer-sponsored dShares programs.
This partnership marks a key 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.
