Dinari has obtained a broker-dealer license and can launch tokenized stocks on various platforms in the United States.

According to Gate News bot, as reported by CryptoSlate, Dinari has obtained a U.S. broker-dealer registration for its subsidiary, becoming the first platform authorized to offer blockchain-based shares of publicly listed companies to domestic investors.

The San Francisco company stated that after completing the onboarding with the U.S. Securities and Exchange Commission (SEC), it will launch the licensed entity next quarter.

Dinari has distributed "dShares" to users outside the United States on the exchange. The new license enables it to offer the same products to US brokerages and fintech applications through APIs instead of a direct-to-consumer portal.

CEO Gabriel Otte stated that the company has found undisclosed integration partners and will route transactions to registered marketplace centers while settling token issuance on a public Blockchain.

Stock tokenization converts traditional stocks into transferable digital tokens recorded on the Blockchain.

Supporters believe that this structure can reduce clearing costs, accelerate settlement speeds to near real-time, and support 24/7 trading.

The registration of Dinari meets the long-standing requirements of the U.S. Securities and Exchange Commission, which state that secondary trading of securities (whether tokenized or not) must be conducted through licensed intermediaries.

Despite companies' efforts to promote the issuance of tokenized stocks, obstacles still remain. The World Economic Forum pointed out last month that insufficient liquidity in the secondary market and a lack of unified technical standards are the main barriers to the mainstream application of tokenized stocks.

Aote acknowledged the existence of these gaps, but he stated that Dinari's on-chain settlement framework is designed to provide a template for regulators and industry groups to refer to when drafting interoperability guidelines.

Unlike retail brokerage firms like Robinhood or Charles Schwab, Dinari embeds its trading and custody stack into third-party platforms.

Aote described the strategy as a "white label track" model, aimed at allowing fintech companies to anchor tokenized stocks to existing mobile applications without the need to build blockchain infrastructure internally.

Dinari's brokerage firm will begin customer testing after completing the control position verification and vault integration required by the SEC Rule 5c3-3. The company stated that it will release the latest technical specifications of its ERC-20 based stock contracts before going public in the U.S.