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Explainer Updated 13 Sept 2026 2 min read

What are Dinari dShares?

The only issuer we track that states it pays cash dividends to the holder's wallet, and the only one incorporated in the United States. It publishes its own rule on who may buy, and this entry links to it rather than copying it.

A dShare is Dinari's tokenized stock. As of 12 Sep 2026 the registry holds 344 of Dinari's stocks across 367 listings: 343 on Base and 24 on Ethereum.

Dinari sits apart from the other four issuers on this site in two ways, which makes it the most useful one to understand if you want to see how much room there is inside the phrase "tokenized stock".

First difference: the dividend arrives

Dinari states that cash dividends are paid to the holder's wallet as a stablecoin.

Robinhood, Ondo Global Markets, Backed and Coinbase all use a multiplier mechanic: a number rises, nothing is paid, and no token moves. Dinari does the thing most people assume a dividend means. Money shows up.

In our piece on whether tokenized stocks pay dividends, this is the one entry where the answer is a payment. For splits, Dinari rebases.

Second difference: it is a US company

Dinari, Inc. is incorporated in the United States. Robinhood's issuing entity is in Jersey, Backed's is in Jersey, Ondo's is in the British Virgin Islands, and Coinbase's is in the Abu Dhabi Global Market.

Who can buy

Dinari publishes its own rule on who may buy its tokens. This site links to it and does not copy it.

A quoted rule is a snapshot of a legal position. When an issuer changes who it deals with, a stale copy looks exactly like a current one. Dinari's own restrictions page is linked at the top of this entry, and /who-can-buy links every issuer's rule with the date that link was last checked. Read the rule there, in Dinari's current words.

A data quirk worth knowing

Not every dShare has a pool that a market data source quotes, and not every one has a holder figure this site can prove. As of 12 Sep 2026 this site has a price for 204 of Dinari's 343 dShares on Base, and a holder figure for 20. On Ethereum it has a price for 4 of 24, and a holder figure for 1.

Where a figure is missing, we print nothing. Not a zero and not a dash. A missing figure is omitted, because a fabricated one is worse than an absent one. If a dShare row looks like it is missing a figure that other issuers' tokens have, that is the reason, and it is on purpose.

Base, and now Ethereum

Most of Dinari's listings are on Base, with some on Ethereum. Base also carries Coinbase's tokens, so /chains/base shows two issuers side by side.

Where to look

The issuer page is at /issuers/dinari, with every stock Dinari issues and a link to its rule on who may buy. Each stock page carries the contract addresses. The glossary defines dShare, custodian and distribution. Dinari's own documentation is linked at the top, and it is the authority on all of this rather than us.

Every claim about Dinari above is Dinari's own published description.