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Tokenized Stocks Get Greenlight

Dinari received first license to issue tokenized stocks in the coming months while crypto may count towards mortgages soon.
Tokenized Stocks Get Greenlight
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In a Reuters interview released Thursday, public markets platform Dinari confirmed it secured a broker-dealer license to issue tokenized stocks in the United States. According to FINRA's "BrokerCheck" report, Dinari's license took effect on June 20, 2025.

This enables the San Francisco startup to offer tokenized "dShares" through American stock brokerages and fintech apps in the coming months. The launch is subject to final SEC coordination. This makes Dinari the first company cleared to issue tokenized stocks for American investors.

Dinari recently announced its $12.6M Series A raise in May, co-led by HackVC and Blockchange Ventures. Simultaneously, crypto-native exchanges Coinbase and Kraken are both seeking SEC permission to sell tokenized stocks to U.S. users. 

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Jack Inabinet

Written by Jack Inabinet

932 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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