Dinari’s Bold Gambit: Tokenization Pioneer Aims to Disrupt Wall Street With ’DTCC of Tokenized Stocks’ Blockchain

Wall Street's paper-based dinosaurs, meet your blockchain-powered extinction event.

Dinari—the tokenization upstart that's been quietly digitizing equities—just dropped a bombshell: it's building its own Layer 1 blockchain designed to become the decentralized spine for tokenized securities. No more begging legacy custodians to play nice with DeFi.

The audacious play? To out-DTCC the DTCC itself by creating a settlement system that actually works in real time—something traditional finance has somehow failed to achieve in 50+ years of mainframe reliance.

Industry watchers are split. Some see this as the logical next step after Dinari's successful stock tokenization experiments. Others whisper about the regulatory minefield ahead—though let's be honest, when has that ever stopped crypto builders?

One hedge fund quant we spoke to (anonymously, of course) quipped: 'Finally, someone's building a blockchain for something more useful than JPEG trading.' Ouch.

Whether this becomes the rails for the next financial revolution or just another ambitious crypto moonshot, one thing's clear: Dinari isn't waiting for permission to rebuild market infrastructure. The race to tokenize everything just got a new contender—and Wall Street's tech debt just got more embarrassing.

Why another L1?

Dinari’s decision to build its own chain follows a recent pattern seen across fintechs and crypto firms. USDC stablecoin issuer Circle and payments company Stripe revealed this week to pursue proprietary blockchains. Rival tokenization firms like Ondo Finance and Securitize (teamed up with Ethena) are also working on their own networks.

With this approach, they aim to gain more control over compliance with regulations, uptime and integration with traditional finance systems compared to deploying on existing public blockchains.

For Dinari, having their own chain was "out of necessity," Otte said.

"A lot of the public chains doesn't really allow for the proper level of compliance needed for dealing with securities," he explained. Another key reason was to facilitate and coordinate trades of Dinari-issued tokens across multiple blockchains without fragmenting liquidity.

"If part of [the stock tokens] lives on Solana, part on Arbitrum, part on Base, you’re taking this $100 trillion market and fragmenting it," he said. "How do you prevent that? With a purpose-built chain that allows us to essentially pull liquidity across all these different chains."

By unifying settlement and liquidity, the company aims to bring continuous, compliant trading of U.S. equities to a global market, gunning for a similar role to the Depository Trust and Clearing Corporation (DTCC) for the stock market. DTCC is the world’s largest securities clearing and settlement system.

For choosing Avalanche to build on, Otte emphasized the need for flexibility and the ability to control transaction fees (gas prices), which is difficult with rollup and layer-2 solutions. Avalanche's blockchain service, Ava Cloud lets businesses spin up and customize blockchains for their own needs, said Morgan Krupetsky, VP of ecosystem growth at Ava Labs.

Neutral clearinghouse

Dinari wants to position the Dinari Financial Network to be a "neutral clearinghouse" for the industry, Otte said.

At the start, governance will come from a consortium of institutions including Gemini, custodian BitGo and asset manager VanEck, who will serve as validators and also offer custody services.

The plan is to fully decentralize the chain in future, Otte said. That includes potentially launching the chain's own governance token, he added.