Dinari is taking tokenized stocks cross-chain. The company integrated LayerZeros interoperability protocol so its dShares9tokens backed 1:1 by U.S. equities9can trade and settle across multiple blockchains. The launch spans four networks and 200 stocks today, with plans to reach 150+ chains and, over time, the full U.S. market.
Why this matters
Moving tokenized stocks between blockchains without friction is a big step for crypto and traditional markets. More chains can mean deeper liquidity, faster settlement, and fewer price gaps for traders. It also pushes real-world assetslike stockscloser to the always-on, programmable world of crypto.
Key facts at a glance
- Coverage at launch: four blockchains and 200 tokenized U.S. equities.
- Each dShare is backed 1:1 by the underlying security.
- Powered by LayerZeros Omnichain Fungible Token (OFT) standard to move across chains without creating separate, wrapped versions.
- Dinari handles compliance and settlement; LayerZero connects liquidity across networks.
- Dinaris protocol holds about $45 million in total value locked, per DeFiLlama.
- Funding to date: $22.65 million from investors including VanEck Ventures and Hack VC.
How the tech works
LayerZeros OFT standard lets a single token exist across many blockchains. Instead of minting a new version of the same stock on every chain, OFT moves the native token while keeping supply consistent. That design helps prevent liquidity from splitting and reduces confusion for users.
Dinaris role is the traditional plumbing: verifying ownership, maintaining investor records, and handling settlement. Earlier this year, the firm became a registered transfer agent with the U.S. Securities and Exchange Commission (SEC), allowing it to help banks and fintechs offer tokenized U.S. stocks worldwide under familiar rules.
What changes for investors
If you hold dShares, you can move them to the chain where you want to trade, borrow, or provide liquidity. In simple terms: the stock follows you, not the other way around. With more markets connected, spreads can tighten and order flow can consolidate, similar to how major stock venues compete yet link through routing.
Gabe Otte, Dinaris CEO, framed it as building for scale: The DFN delivers the infrastructure that tokenized equities need to function at market scale. LayerZero connects that infrastructure to global liquidity, creating a system where real U.S. equities can move and settle across chains while maintaining the compliance and protections investors expect from traditional markets.
The bigger picture: on-chain trading is heating up
Activity across crypto markets is rising. TradeXYZ, a perpetuals exchange that lets users trade stocks and other assets, topped $200 million in 24-hour volume today1 roughly 10% of its all-time totaland hit record open interest after a burst of trading around Nvidias earnings. The takeaway: traders want 24/7 access to traditional names with crypto-style speed.
Traditional finance is edging in too. Nasdaq recently filed to list tokenized equities, a sign that large market operators see real demand. Still, experts caution that connecting blockchain settlement to legacy systems will be slow and complex, given strict rules, reconciliations, and risk controls.
Numbers to watch
- 200: dShares live at launch.
- 4: blockchains supported today.
- 150+: networks Dinari aims to reach via LayerZero.
- $45M: total value locked in Dinaris protocol (DeFiLlama).
- $22.65M: capital raised from backers including VanEck Ventures and Hack VC.
Whats next
Dinari plans to extend support to LayerZeros broader network, bring more equities on-chain, and keep tuning the compliance rails that make these assets usable for mainstream partners. The real test will be user growth: more brokers, banks, and apps offering dShares, and more liquidity migrating on-chain.
Bottom line
Dinari and LayerZero are trying to make tokenized stocks feel like native crypto assetsliquid, portable, and programmablewhile keeping the protections of traditional markets. If it works, the gap between Wall Street and Web3 gets smaller.