Dinari

The SEC’s new five-year exemption creates a clearer route for tokenized U.S. stocks that preserve full shareholder rights, while leaving synthetic stock tokens outside the framework. The move could benefit tokenization firms, qualifying custodial models and regulated DeFi venues, though access controls and issuer objections may slow adoption.

Dinari and tZERO are combining technology and regulated market infrastructure to help broker-dealers offer tokenized U.S. equities. The partnership lands as financial firms debate whether blockchain-based stocks should be synthetic, issuer-sponsored or backed directly by underlying shares.