Dinari
IssuanceActive· US

Dinari

Plume bought the broker-dealer license instead of building one. Shortcut or smart? Depends on whether regulators blink.

01 /

Brief

First US broker-dealer for tokenized equities. FINRA-licensed (June 2025). dShares: 200+ tokenized stocks, 1:1 backed.

02 /

Snapshot

Key terms and identifiers.

Asset value
~$15M
Custodian
Dinari (FINRA-regulated)
Spec type
tokenized-stocks
Tokens
200+
Primary chain
Arbitrum
Other chains
Ethereum, Base
Regulator
US FINRA broker-dealer (June 2025)
Distribution model
Direct retail (own app)
Distribution venues
Dinari app + partner wallets
Asset classes
Equities
Token standards
erc-20
Regulatory
sec-reg-d
Jurisdiction
US
03 /

Connections

Who they build with, build on, integrate with.

Dependency

Where this player builds on, integrates, or relies on others.