Dinari announced Thursday that it is integrating LayerZero, an interoperability protocol, allowing its tokenized U.S. stocks, known as dShares, to trade and settle across multiple blockchains.
Dinari is an on-chain protocol that offers tokenized securities trading with a total value of approximately $45 million, per DeFiLlama. The initial rollout will include four blockchains and 200 tokenized U.S. stocks, with plans to expand to LayerZero’s network of more than 150 blockchains and eventually the entire U.S. stock market.
Each dShare is backed 1:1 by the underlying security, while LayerZero’s Omnichain Fungible Token (OFT) standard allows the tokens to be transferred across different blockchains without creating separate versions, according to a press release viewed by The Defiant.
The integration aims to further connect traditional market infrastructure with on-chain stock trading. In this case, Dinari provides the compliance and settlement system, while LayerZero’s OFT supports higher trading volumes and smoother operations across networks.
“The DFN provides the infrastructure that tokenized equity needs to function at market scale,” said Gabe Otte, CEO of Dinari. “LayerZero connects that infrastructure to global liquidity, creating a system where real American equities can move across chains and settle, while maintaining the compliance and protections investors expect from traditional markets.”
Dinari has raised $22.65 million from investors including VanEck Ventures and Hack VC, the release said. Earlier this year, Dinari was licensed to act as a registered transfer agent with the Securities and Exchange Commission (SEC). This move allows the platform to help banks and fintechs offer tokenized US stocks to investors around the world.
The current integration also comes as on-chain trading platforms record increasing activity. TradeXYZ, a perpetual exchange that allows users to trade stocks and other assets, today topped $200 million in 24-hour volume (about 10% of its all-time total). It also hit new highs in open interest (OI) after a surge in trading around Nvidia’s earnings.
Nasdaq’s recent application to list tokenized shares is also adding to the momentum. The move was seen as a big step for traditional markets, but experts warn that integrating blockchain-based settlement with legacy systems could be slow and complex.