SEC Approves First Tokenized Stocks Broker-Dealer in US, Paving Way for On-Chain Equities

Dinari, a San Francisco-based startup, has secured the first-ever SEC broker-dealer approval for tokenized stock trading—a watershed moment for blockchain-based capital markets. The firm's dShares represent 1:1 backed tokens of US equities, enabling near-real-time settlement on public blockchains.

Tokenization dismantles traditional market inefficiencies: T+2 settlement gives way to instant ownership transfers via smart contracts, while automated processes slash clearing fees. The model unlocks 24/7 global trading and fractional ownership—democratizing access to high-value shares.

Dinari plans a white-label API strategy, embedding on-chain assets into existing broker platforms rather than direct retail offerings. This regulatory milestone signals accelerating institutional adoption of blockchain infrastructure for securities.