代币化专家 Dinari 和 tZERO 正在联手为经纪交易商创建一个代币化美国股票的交钥匙平台。 两家公司将把发行、交易、托管、结算和股东服务整合到一个监管框架中。 此次合作正值人们对如何构建和分配代币化股票的争论日益激烈之际。 随着公众股票如何进入区块链网络的竞争加剧，代币化专家 Dinari 和经纪交易商 tZERO 正在合作，为经纪交易商提供代币化美国股票的交钥匙平台。
两家公司周三表示，他们将把 Dinari 的代币化股票平台与 tZERO 的经纪、托管、清算和结算基础设施结合起来，允许金融公司推出基于区块链的股票发行，而无需自行组装底层市场基础设施。 Dinari 首席执行官加布里埃尔·奥特 (Gabriel Otte) 在一份声明中表示：“只有经纪交易商能够像提供传统证券一样自然地提供代币化股票，代币化股票才会获得主流采用。” 此举正值代币化股票成为现实世界资产的下一个战场之际。在美国国债基金成为代币化的第一个机构趋势之后，企业越来越多地转向公开股票，押注区块链可以实现交易、结算和股东记录保存的现代化。 一些公司，例如 Robinhood 和 Kraken 的 xStocks 计划，专注于通过离岸结构创建基于区块链的公开交易股票表示形式，通常称为合成代币，提供给非美国投资者。
其他人则认为，代币化股票应该由公司自己直接发行。 Securitize 上周在纽约证券交易所上市了自己的股票，同时在 Avalanche 和 Solana 上发行了该股票的链上版本，将发行人赞助的代币化描述为公共股票的长期模式。 Dinari 占据中间立场。该公司表示，其 dShares 由受监管托管人持有的基础股票一对一支持，同时保留股息和公司行为等股东权利。 与 tZERO 的合作增加了围绕这些资产的受监管经纪基础设施。两家公司表示，除了交易和托管之外，该平台还将支持清算、结算、股东沟通以及未来的链上抵押和融资服务。
tZERO 成立于 2014 年，是首批为基于区块链的证券市场构建受监管基础设施的公司之一。 Dinari 于 2021 年推出，专注于通过其 dShares 平台将美国股票引入链上。它于 2025 年 6 月为其子公司获得了经纪交易商注册，使其成为第一个获准向国内投资者合法提供基于区块链的股票的美国平台。 代币化
Tokenization specialists Dinari and tZERO are joining forces to create a turnkey platform for tokenized U.S. equities for broker-dealers.
The firms will package issuance, trading, custody, settlement and shareholder servicing into one regulated framework.
The partnership comes amid a growing debate over how tokenized equities should be structured and distributed.
Tokenization specialist Dinari and broker-dealer tZERO are working together to offer broker-dealers a turnkey platform for tokenized U.S. equities, as competition intensifies over how public stocks should move onto blockchain networks.
The companies said Wednesday they will combine Dinari's tokenized stock platform with tZERO's brokerage, custody, clearing and settlement infrastructure, allowing financial firms to launch blockchain-based equity offerings without assembling the underlying market infrastructure themselves.
"Tokenized equities won't reach mainstream adoption until broker-dealers can offer them as naturally as they offer traditional securities," Dinari CEO Gabriel Otte said in a statement.
The move comes as tokenized equities emerge as the next battleground in real-world assets. After U.S. Treasury funds became the first institutional trend for tokenization, firms are increasingly turning to public stocks, betting blockchain can modernize trading, settlement and shareholder recordkeeping.
Some firms, such as Robinhood and Kraken's xStocks initiative, focus on creating blockchain-based representations of publicly traded shares via offshore structures, often called synthetic tokens, offered to non-U.S. investors.
Others argue that tokenized stocks should be issued directly by the companies themselves. Securitize made that case last week when it listed its own shares on the New York Stock Exchange and simultaneously issued an onchain version of the stock on Avalanche and Solana, describing issuer-sponsored tokenization as the long-term model for public equities.
Dinari occupies a middle ground. Its dShares are backed one-for-one by underlying shares held with regulated custodians, while preserving shareholder rights such as dividends and corporate actions, the firm said.
The partnership with tZERO adds the regulated brokerage infrastructure around those assets. Besides trading and custody, the companies said the platform will support clearing, settlement, shareholder communications and future onchain collateral and financing services.
Founded in 2014, tZERO was among the first companies to build a regulated infrastructure for blockchain-based securities markets. Dinari launched in 2021 and has focused on bringing U.S. equities onchain through its dShares platform. It obtained a broker-dealer registration in June 2025 for its subsidiary, making it the first U.S. platform cleared to legally offer blockchain-based shares to domestic investors.
Tokenization
