Tokenized securities provider Dinari has joined the Blockchain Association as U.S. policymakers consider rules for moving stocks and traditional assets onto blockchain networks. According to reports from the Blockchain Association, the Washington-based industry group announced Dinari's membership on July 21, 2026, stating the company will contribute to policy discussions around tokenization, digital asset market structure and regulation. Dinari confirmed the move in a separate announcement, saying it plans to bring its experience with regulated tokenized securities into discussions with policymakers. Gabriel Otte, Co-Founder and CEO of Dinari, emphasized the strategic importance of the partnership, stating "We believe tokenization represents one of the greatest opportunities to modernize capital markets in decades, but long-term adoption depends on preserving the trust, transparency, and investor protections that have made U.S. securities markets the global standard." As per the Blockchain Association, Dinari's membership comes at a pivotal moment for tokenized securities in the United States, with the company bringing its expertise in regulated, custodial tokenized securities to help advance thoughtful regulation that supports innovation while preserving investor protections.
Dinari, founded in 2021, is the pioneer of the custodial model for tokenized U.S. public equities. The company operates dShares, a platform for tokenized U.S. stocks and exchange-traded funds that provides 1:1-backed tokenized securities with traditional investor protections. As reported by the Blockchain Association, each dShare links to an underlying security held with licensed custodians and provides rights including guaranteed redemption at the National Best Bid and Offer (NBBO), cash dividends, automated corporate actions, and streamlined tax processing. The company operates as an SEC-registered transfer agent, while its broker-dealer subsidiary Dinari Securities is registered with FINRA and SIPC. Dinari CEO Gabriel Otte emphasized that tokenization should work alongside existing financial rules rather than remove protections already built into public markets, stating "Since our founding, we've believed tokenization should enhance the existing financial system, not replace it."
The company is also building the Dinari Financial Network, which connects broker-dealers, exchanges, custodians, transfer agents and other regulated firms through a shared framework for tokenized securities. According to the Blockchain Association, the network covers several stages of a security's lifecycle, including issuance, trading, custody, clearing, settlement, dividends and corporate actions. Dinari says participating institutions can keep their existing customer relationships and regulatory duties while using shared infrastructure for tokenized products, with plans to support 24/7 trading, fractional order books and stablecoin-based settlement. The network enables broker-dealers, exchanges, fintechs and other regulated financial institutions to issue, custody, trade and service tokenized securities within the existing regulatory framework. By combining regulated financial infrastructure with blockchain technology, Dinari is helping establish a compliant foundation for the next generation of capital markets.
The membership comes as the U.S. Securities and Exchange Commission described a custodial model in its January 2026 statement on tokenized securities, where a third party holds an issuer's securities and issues crypto assets representing holder entitlement to the underlying security. Dinari pioneered this custodial approach and has continued working with regulators and market participants to develop infrastructure that aligns blockchain innovation with traditional securities market protections. Summer Mersinger, CEO of Blockchain Association, welcomed Dinari's expertise, stating "We're thrilled to welcome Dinari to Blockchain Association and look forward to bringing their expertise on tokenized securities and blockchain-based capital markets into the policy conversations taking place in Washington." The company has already worked with established market participants, with its earlier Dinari Financial Network launch naming Gemini, BitGo and VanEck among initial validators. As per the Blockchain Association, Dinari's membership brings its expertise in regulated, custodial tokenized securities to help advance thoughtful regulation that supports innovation while preserving investor protections.
The membership comes as more financial and crypto companies develop different models for tokenized stocks, with Base founder Jesse Pollak indicating that Coinbase and Base were close to supporting 1:1-backed equities. As reported by crypto.news, companies are using different legal structures for these products, with Robinhood describing its Classic Stock Tokens as derivatives under European rules while companies like Dinari promote products backed directly by underlying securities. Robinhood launched its own blockchain mainnet on July 1 with tokenized stock products at the center of its strategy, supporting round-the-clock trading of tokenized equities. The competitive landscape continues to evolve as companies seek to establish compliant foundations for the next generation of capital markets through regulated tokenization infrastructure.
