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Dinari announced Thursday that it is integrating LayerZero, an interoperability protocol, enabling its tokenized U.S. stocks, known as dShares, to trade and settle across multiple blockchains.
Dinari is an on-chain protocol offering tokenized securities trading with a total value locked of around $45 million, per DeFiLlama. The initial rollout covers four blockchains and 200 tokenized U.S. stocks, with plans to expand to LayerZero’s network of more than 150 blockchains and eventually the full 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 transfer across different blockchains without creating separate versions, according to a press release viewed by The Defiant.
The integration is meant to further connect traditional market infrastructure with on-chain equity trading. In this instance, Dinari provides the compliance and settlement system, while LayerZero’s OFT supports higher trading volumes and smoother activity across networks.
“The DFN delivers the infrastructure that tokenized equities need to function at market scale,” said Gabe Otte, CEO of Dinari. “LayerZero connects that infrastructure to global liquidity, creating a system where real U.S. equities can move and settle across chains 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 noted. Earlier this year, Dinari secured a license to act as a registered transfer agent with the Securities and Exchange Commission (SEC). The move enables the platform to help banks and fintechs offer tokenized U.S. stocks to investors worldwide.
Today’s integration also comes as on-chain trading platforms record rising activity. TradeXYZ, a perpetuals exchange that lets users 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 filing to list tokenized equities also adds to the momentum. The move was seen as a major step for traditional markets, but experts warn that integrating blockchain-based settlement with legacy systems could be slow and complex.
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