Dinari Inc., a pioneer in custodial tokenized U.S. public equities, and tZERO Group Inc., a leader in regulated blockchain-based financial infrastructure, announced a strategic partnership to create an integrated 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 seamlessly incorporate tokenized equity offerings into their existing businesses through a single network integration.
The partnership addresses a key barrier to mainstream adoption of tokenized equities: the complexity broker-dealers face in integrating disparate services. According to Gabriel Otte, Co-Founder and CEO of Dinari Inc., "Tokenized equities won't reach mainstream adoption until broker-dealers can offer them as naturally as they offer traditional securities." By bringing together critical components, the collaboration aims to simplify the launch and scaling of these offerings, providing the infrastructure for new products and services built on tokenized securities.
Each dShare is backed by the corresponding underlying security held with licensed custodians, preserving 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. This custodial model ensures that investors retain the traditional securities features while gaining the benefits of tokenization.
Alan Konevsky, Chairman and CEO of tZERO, emphasized 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." The collaboration offers a practical path for firms to participate in tokenized securities markets through a framework combining issuance, trading, custody, clearing, settlement, and asset servicing across traditional and decentralized finance ecosystems.
The partnership supports broker-dealers with capabilities such as native 24/7 trading for eligible tokenized equities, fractional execution for dollar-based investing and automated rebalancing, stablecoin-enabled settlement and dividend processing, automated corporate actions, and flexible custody models including omnibus accounts and self-custody wallets. Additionally, API connectivity is provided for broker-dealers, fintechs, RIAs, neobanks, and other financial platforms.
Future capabilities include compliant on-chain liquidity, collateral, financing, and other DeFi-compatible programs, as well as issuer-sponsored dShares programs to expand distribution and shareholder engagement. As the dShares Financial 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 website or read the blog post. This partnership marks a significant step toward integrating tokenized securities into mainstream financial markets, offering broker-dealers a streamlined path to adoption.
