Dinari, an issuer of tokenized U.S. equities, and tZERO Group, a blockchain-based financial infrastructure provider, announced Wednesday a partnership to build an operating framework allowing broker-dealers to offer tokenized U.S. stocks. Dinari secured a U.S. broker-dealer license last year to offer tokenized stocks directly, and integrated LayerZero in November to provide cross-chain access to those assets. tZERO brings its existing regulatory infrastructure for securities settlement as a broker-dealer and alternative trading system operator. The two companies enter an increasingly crowded space where the NYSE is exploring private blockchains for 24/7 tokenized equity trading, Nasdaq partnered with Kraken for its own tokenized-stock initiative, and Securitize teamed up with Computershare to tokenize U.S.-listed equities. Neither party disclosed a timeline for implementation nor any financial terms of the partnership.
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