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Dinari
Token 1:1 backed by a security; Nov 2024 T&Cs define no claim on the share
Outstanding value$19.8M4.5%30 days
Market share0.5%
In DeFi$258
Tokens529
Stocks526
Chains
Arbitrum, Ethereum, Base, HyperEVM, Avalanche, Plume
Dinari issues dShares through Dinari, Inc. (Delaware, SEC-registered transfer agent) and its broker-dealer Dinari Securities LLC. Each dShare is backed 1:1 by shares held in street name at Alpaca, but the Nov 2024 T&Cs give the token no defined claim on the share. A global track sells transferable dShares under Reg S to non-US users, and a US track (from Aug 2026) opens non-transferable tokens to eligible US retail.
- Issuing entity
- Dinari, Inc. and Dinari Securities LLC (broker-dealer, CRD 329672)
- Jurisdiction
- US (Delaware law); global track under Reg S
- Backing
- 1:1, shares in street-name custodial accounts
- Custodian
- Alpaca
- Launched
- About Dec 2023, Arbitrum first
- Who can buy
- Non-US globally (33 countries unsupported); eligible US retail on the US track
- Website
- dinari.com
Sources
- assets.dinari.com/Dinari_dShares_Terms_and_Conditions_20241124.pdf
- prnewswire.com/in-an-industry-first-dinari-launches-724-tokenized-stocks-available-to-both-us-investors-and-businesses-302842099.html
- docs.dinari.com/us.md
- docs.dinari.com/restrictions.md
- docs.dinari.com/dividend-payments.md
- dinari.com/dshares
- forum.arbitrum.foundation/23456
- github.com/sbt-contracts
- Sumcap research (2)
By
 USFRWisdomTree Floating Rate Treasury Fund - Dinari | USFR | n/a | None | 0.0% | $5.43M27.5% | 48.3% | |
 JAAAJanus Henderson AAA CLO ETF - Dinari | JAAA | n/a | None | 0.0% | $1.79M9.1% | 0.1% | |
 SPCXSpace Exploration Technologies Corp. | SPCX | n/a | None | 0.0% | $1.58M8.0% | 17.2% | |
 SATA.d | SATA | 5 | None | 0.0% | $1.15M5.8% | 58.3% | |
 MSTRMicroStrategy Inc - Dinari | MSTR | n/a | None | 0.0% | $1.12M5.7% | 109.9% | |
 STRCStrategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock | STRC | n/a | None | 0.0% | $1.08M5.5% | 8.7% | |
 NVDA.d | NVDA | 193 | <0.1% | $949k4.8% | 7.1% | ||
 NKE.d | NKE | 15 | <0.1% | $664k3.4% | 152k% | ||
 ASSTStrive, Inc. Class A Common Stock | ASST | n/a | None | 0.0% | $599k3.0% | 5.13k% | |
 TSLATesla, Inc. - Dinari | TSLA | n/a | None | 0.0% | $598k3.0% | 3.8% | |
 SPYSPDR S&P 500 ETF Trust - Dinari | SPY | n/a | None | 0.0% | $244k1.2% | 19.7% | |
| SPCXSpace Exploration Technologies Corp. | SPCX | n/a | None | 0.0% | $231k1.2% | 23.8% | |
 GOOGLAlphabet Inc. Class A - Dinari | GOOGL | n/a | None | 0.0% | $211k1.1% | 30.9% | |
 SPUSSP Funds S&P 500 Sharia ETF - Dinari | SPUS | n/a | None | 0.0% | $188k1.0% | 53.3% | |
 AAPL.d | AAPL | 100 | 0.1% | $181k0.9% | 46.6% | ||
 SIVRabrdn Physical Silver Shares ETF - Dinari | SIVR | n/a | None | 0.0% | $171k0.9% | 565.2% | |
 AVGOBroadcom Inc. Common Stock - Dinari | AVGO | n/a | None | 0.0% | $132k0.7% | 25.6% | |
 IAUiShares Gold Trust - Dinari | IAU | n/a | None | 0.0% | $124k0.6% | 52.8% | |
 AMDAdvanced Micro Devices - Dinari | AMD | n/a | None | 0.0% | $111k0.6% | 35.3% | |
 VOOVanguard S&P 500 ETF | VOO | n/a | None | 0.0% | $105k0.5% | 101.2% |
1 to 20 of 828 tokens
of 42
Who holds it
Total$19.8M
- Not indexed85.1%$16.8M
- Wallets14.8%$2.93M
- Unclassified<0.1%$6.42k
- DeFi<0.1%$259
Where KYC applies
- OnboardingKYC
KYC/KYB and a whitelisted wallet linked to a Dinari account
- Mint / redeemKYC
Orders from linked wallets only; redemption is cash, the custodian sells
- DividendsKYC
Cash dividends go only to KYC'd registered wallets; wrapped dShares reinvest
- Wallet transfersOpen
Global dShares: blocklist only. US-track tokens are non-transferable
- DEX tradingOpen
Small Uniswap v2, v3 and v4 pools on Arbitrum and Ethereum
- DeFi protocolsOpen
Wrapped dShares on HyperEVM and HyperCore; no lending market found