150+
U.S. stocks available as dShares™, including AAPL, TSLA, NVDA, SPY, MSTR, and GOOGL, fully backed 1:1 by underlying equities, with dividends and corporate actions retained.
How Dinari built the omni-chain orderbook for compliant tokenized U.S. equities.
The largest tokenized U.S. public securities provider, an SEC Registered Transfer Agent, launched the Dinari Financial Network on Avalanche to act as a neutral clearinghouse for tokenized equities across every chain it serves.
Tokenized EquitiesCapital MarketsOmni-Chain
The Scale of the Problem
Tokenized equities exist on many chains. Liquidity sits stranded on each one.
Compliance-first tokenization at scale requires a single source of truth for issuance, custody, and settlement, but real demand is fragmented across Arbitrum, Base, Plume, Solana, and others. Without a neutral coordination layer, every chain is its own walled garden.
85+
Countries where Dinari's API-based infrastructure already powers compliant tokenized stock access through partner neobanks, fintechs, and financial services providers.
$22.65M
Raised to date from VanEck Ventures, Hack VC, F-Prime Capital, Blockchange Ventures, and Balaji Srinivasan to build the foundation for global, programmable capital markets.
AvaCloud Solved the Problem
A neutral L1 that aligns every participant in the tokenized-equities stack.
The Dinari Financial Network launched in August 2025 as the first Layer 1 designed specifically to enable omni-chain liquidity and settlement across Dinari's partner network. Powered by Avalanche, it harmonizes onchain finance with traditional financial infrastructure under one neutral coordination layer.
The architecture is intentionally analogous to DTCC: a neutral clearinghouse that enforces standards, facilitates transparent settlement at scale, and aligns numerous participants, issuers, custodians, validators, distribution partners, without any single one of them owning the rail.
dShares™ are issued under a compliance-first framework with KYC, AML, and third-party audits, and distributed through a global network of partners. Voting rights are retained where permissible; dividends and corporate actions flow through normally.
"The future of equities is global, programmable, and always available. Our goal here was to foster that innovation in a way that preserves price integrity, market depth, and investor protections, essentially, to meet the rigorous standards of the U.S. financial system.", Gabe Otte, CEO & Co-founder, Dinari
Omni-Chain Coordination
One neutral L1 connecting every chain Dinari serves.
dShares™ users on any supported chain transact against the same compliance-first inventory and the same liquidity pool. The Dinari Financial Network is the connective tissue, much like DTCC for tokenized U.S. equities.
EVMArbitrum
EVMBase
EVMPlume
Non-EVMSolana
Coordination Layer
Dinari Financial Network
Avalanche L1 · Consortium-governed · Compliance-first
IssuancedShares™ · 150+ U.S. stocks
CustodyBitGo · Gemini Custody
DistributionNeobanks · Fintechs · 85+ countries
InvestorsGlobal · 24/7 access
The Consortium
A neutral clearinghouse needs neutral validators.
Consortium governance is core to Dinari's strategy. Initial validators, institutions whose names already mean compliance and custody in traditional markets, operate the network and provide settlement support.
Validator · Custody
Gemini
"This launch marks a major step forward in making capital markets programmable and accessible worldwide, and we're proud to support the network as both a custody provider and validator.", Tyler Winkelvoss, Co-founder & CEO
Validator · Custody
BitGo
Institutional-grade qualified custody and validator infrastructure for the Dinari Financial Network, the same operational standards used by the world's largest crypto holders.
Validator
VanEck
A 70+ year asset management franchise validating the network. VanEck Ventures is also a lead investor in Dinari, anchoring institutional alignment from issuance through distribution.
Results
What's actually live in production.
The Dinari Financial Network launched on Avalanche in August 2025. Below: the scale of what's already running, and the foundation it sets for orderly, regulated 24/7 trading of U.S. equities globally.
Network launched
August 2025
U.S. stocks tokenized as dShares™
150+
Countries served via partner network
85+
Backing of every dShare
1:1, fully reserved
Initial consortium validators
Gemini · BitGo · VanEck
Chains served via omni-chain coordination
Arbitrum · Base · Plume · Solana
Regulatory posture
SEC Registered Transfer Agent
Underlying chain
Avalanche L1 on AvaCloud
A neutral L1 can be the coordination layer for your asset class too.
Dinari proved that a dedicated, consortium-governed Avalanche L1 can serve as a DTCC-equivalent for tokenized U.S. equities, without forcing any participant off the chain they already use. The same AvaCloud-managed model is available to any institution standing up market infrastructure for tokenized assets at scale.