150+
U.S. stocks available as dShares™, including AAPL, TSLA, NVDA, SPY, MSTR, and GOOGL, fully backed 1:1 by underlying equities, with dividends and corporate actions retained.
How Dinari built the omni-chain orderbook for compliant tokenized U.S. equities.
The largest tokenized U.S. public securities provider, an SEC Registered Transfer Agent, launched the Dinari Financial Network on Avalanche to act as a neutral clearinghouse for tokenized equities across every chain it serves.
Tokenized EquitiesCapital MarketsOmni-Chain
The scale of the problem
85+
Countries where Dinari's API-based infrastructure already powers compliant tokenized stock access through partner neobanks, fintechs, and financial services providers.
$22.65M
Raised to date from VanEck Ventures, Hack VC, F-Prime Capital, Blockchange Ventures, and Balaji Srinivasan to build the foundation for global, programmable capital markets.
A neutral L1 that aligns every participant in the tokenized-equities stack.
The Dinari Financial Network launched in August 2025 as the first Layer 1 designed specifically to enable omni-chain liquidity and settlement across Dinari's partner network. Powered by Avalanche, it harmonizes onchain finance with traditional financial infrastructure under one neutral coordination layer.
The architecture is intentionally analogous to DTCC: a neutral clearinghouse that enforces standards, facilitates transparent settlement at scale, and aligns numerous participants, issuers, custodians, validators, distribution partners, without any single one of them owning the rail.
dShares™ are issued under a compliance-first framework with KYC, AML, and third-party audits, and distributed through a global network of partners. Voting rights are retained where permissible; dividends and corporate actions flow through normally.
"The future of equities is global, programmable, and always available. Our goal here was to foster that innovation in a way that preserves price integrity, market depth, and investor protections, essentially, to meet the rigorous standards of the U.S. financial system."
— Gabe Otte, CEO & Co-founder, Dinari
How the network works
- Dinari, an SEC Registered Transfer Agent, issues dShares™ backed 1:1 by underlying U.S. equities under a compliance-first framework.
- The Dinari Financial Network, a dedicated Avalanche L1, acts as the omni-chain coordination layer for issuance and settlement.
- Tokens are made available across every chain Dinari serves: Arbitrum, Base, Plume, with Solana imminent. Liquidity is harmonized rather than siloed.
- A consortium of institutional validators, Gemini, BitGo, and VanEck, operates the network, providing custody and settlement support.
- Neobanks, fintechs, and other partners integrate via Dinari's API to offer their customers seamless access to U.S. public markets.
The consortium
A neutral clearinghouse needs neutral validators. Initial validators, institutions whose names already mean compliance and custody in traditional markets, operate the network and provide settlement support.
- Gemini — Validator & Custody. "This launch marks a major step forward in making capital markets programmable and accessible worldwide, and we're proud to support the network as both a custody provider and validator." — Tyler Winklevoss, Co-founder & CEO.
- BitGo — Validator & Custody. Institutional-grade qualified custody and validator infrastructure for the Dinari Financial Network, the same operational standards used by the world's largest crypto holders.
- VanEck — Validator. A 70+ year asset management franchise validating the network. VanEck Ventures is also a lead investor in Dinari, anchoring institutional alignment from issuance through distribution.
Results
Launch
August 2025
Validators
Gemini · BitGo · VanEck
Chains served
Arbitrum · Base · Plume · Solana