The startup has more than 200 tokenized U.S. equities and ETFs, including Circle Internet Group stock, as it builds regulated on-chain stock trading infrastructure for American investors.
Dinari is widening its effort to bring U.S. stocks onto blockchain rails after securing FINRA broker-dealer registration on June 26, 2025 and later announcing a July 8, 2026 partnership with tZERO. The Palo Alto-based fintech issues dShares, tokens backed 1:1 by real equities held in custody, and says its catalog now covers more than 200 tokenized U.S. equities and ETFs, including instruments linked to Apple, Tesla and Circle Internet Group under the ticker dCRCL. The company is also registered with the SEC (U.S. securities regulator) as a transfer agent, giving it a regulatory structure that sets it apart from many crypto-native rivals. Dinari, founded in 2021, has raised $22.65 million in total funding, including a $12.7 million Series A backed by VanEck and Hack VC. Its tie-up with tZERO is designed to create an operating framework for broker-dealers to support trading and servicing of tokenized equities. While tokenizing Circle stock highlights how blockchain-based market infrastructure could reinforce itself, the source notes that as of August 4, 2026, there were no verified reports of a direct Dinari-Circle partnership on tokenized stocks. The broader question is whether trading volumes in dShares can grow enough to validate the new market infrastructure now being built.