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: 724 tokenized U.S. stocks and ETFs, including the entire S&P 500, 1:1 backed. Launched to eligible U.S. investors Aug 4, 2026, funded and paid dividends in USDC through a partnership with Circle.

02 /

Recent activity

Latest moves on the changelog feed.

  • Aug 4, 2026NEW

    Dinari → U.S. investors. 724 tokenized U.S. stocks and ETFs open to eligible U.S. investors, bought with USDC through a Circle partnership. dShares run on Ethereum, Arbitrum, Base and Avalanche.

  • Nov 5, 2025WIRED

    Dinari → Chainlink. Chainlink supplies pricing data for Dinari's tokenized S&P Digital Markets 50 index.

03 /

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
04 /

Milestones

How this player got here.

  1. Aug 2026Dinari → U.S. investors. 724 tokenized U.S. stocks and ETFs open to eligible U.S. investors, bought with USDC through a Circle partnership. dShares run on Ethereum, Arbitrum, Base and Avalanche.
  2. Nov 2025Dinari → Chainlink. Chainlink supplies pricing data for Dinari's tokenized S&P Digital Markets 50 index.
05 /

Connections

Who they build with, build on, integrate with.