Dinari teams with Circle to bring tokenized S&P 500 stocks to US investors
Dinari announced that it will place the entire S&P 500 on a blockchain and let U.S. investors trade tokenized shares through self-custody wallets using USDC.
Dinari, founded by former Apple and Stripe executives, revealed plans to tokenize the full S&P 500 index and make the digital shares available to U.S. investors. Through a collaboration with Circle, users can fund their accounts instantly with the stablecoin USDC and trade the tokenized stocks via self-custody wallets, bypassing conventional brokerage infrastructure. Each “dShare” represents a specific share held in regulated custody, retaining rights such as voting and dividend payouts in USDC.
The company argues that blockchain settlement allows trades to clear instantly and portfolios to move across platforms, addressing what its CEO Gabriel Otte calls the opacity of existing capital markets. Dinari already operates in 85 jurisdictions with over 6,000 active tokens, and the tokenized-stock market has reportedly grown 600% to $1.7 billion this year. Circle did not comment, citing a quiet period before its earnings release.
Why it matters
It could reshape how everyday investors buy and sell U.S. stocks by removing broker intermediaries and enabling instant, on-chain settlement.
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