Dinari and Circle launch tokenized US stock platform (dShares) settling in USDC, with plans to bring all S&P 500 constituents on-chain.
DeFi & Yields ·
Dinari announced a partnership with stablecoin issuer Circle to launch a tokenized stock platform offering U.S. investors access to S&P 500 constituents through tokens called dShares, settled in USDC. The platform operates across 85 jurisdictions and currently supports over 6,000 tokenized assets. Each dShare token links directly to an underlying security held in regulated custody, preserving shareholder voting rights and enabling USDC dividend distributions.
The arrangement routes stock transactions through blockchain infrastructure, enabling instant settlement and wallet-based self-custody trading outside traditional brokerage channels. Dinari positions the model as a bridge between the stablecoin market and the U.S. equities market, replacing conventional depository and clearing intermediaries with a system where users hold tokens directly in self-custody wallets.
Circle declined to comment on the partnership ahead of its earnings report. Adoption timelines for the U.S. launch and the mechanics of how regulated custody arrangements will function at scale remain undisclosed. The broader tokenized securities sector has seen rapid growth, though most existing offerings target private or niche assets rather than mainstream equity indices.