Gemini Partners With RWA Startup Dinari To Tokenize Equity Shares

As the tokenization of equities on blockchain gains traction, Gemini has rolled out the service in parternship with Dinari.

Published by

Sneha Agrawal

June 28, 2025

Partnership Gemini Partners With RWA Startup Dinari To Tokenize Equity Shares

In a big bet by the latest crypto leader in tokenization of equity shares, the leading crypto Exchange Gemini has made a big announcement.
Announced on Friday, Gemini has partnered with RWA Startup, Dinari, to offer tokenized shares in European Union (EU).

It has started the roll out of tokenized shares on its Platform with the MicroStrategy (MSTR) share. With this, the MicroStrategy (MSTR) share listed on the Nasdaq can be purchased in a fractional ownership by Gemini users.

Interestingly, the launch comes only 24 hours after on June 26, Dinari’s subsidiary won its broker‑dealer license leaving behind Coinbase in the similar pursuit. It has become the first platform authorized to distribute on‑chain U.S. equities to domestic investors via API partners and brokerages.

Gemini and Dinari Launch Dshares

The tokenized shares that will be available on Gemini in EU are actually the blockchain‑based representations of U.S. equities, known as dShares.

dShares – Dinari’s flagship product – are ERC‑20 tokens each backed 1:1 by the by real shares held in regulated custodial accounts. According to the US-based project, this model ensures that every token carries the same economic rights such as dividends, voting, and price exposure as the underlying security. The 1:1 backed tokenized shares on Gemini will leverage blockchain’s near‑instant settlement capabilities, reducing the traditional T+2 settlement window to zero.

Gemini Dinari

Under the agreement with Dinari, Gemini has integrated Dinari’s SEC‑registered infrastructure into its platform, offering tokenized, fully collateralized shares

This marks Gemini’s first foray into real‑world assets (RWAs) beyond crypto, positioning the exchange as a comprehensive hub for digital and traditional investment products. Dinari is a Registered Transfer Agent with the U.S. Securities and Exchange Commission (SEC) enabling it to offer on‑chain securities trading to partners like Gemini given full alignment with U.S. regulations.

Also Read: Coinbase, Ondo Tap Onto Onchain Stock Trading

Internet Capital Markets Have Arrived, Gemini COO

With the launch, Gemini COO Marshall Beard said that the “internet capital markets have arrived”. That is evident. Fractional ownership does brings key benefits: investors can buy slices of high‑value shares like Amazon (AMZN), Tesla (TSLA), and Nvidia (NVDA) with as little as €10.

This will help in democratizing access to premium assets previously out of reach for many retail participants. Unlike traditional markets which are typically open from 9:30am–4pm local time, token markets can operate 24/7 across time zone.

Gemini Dinari

Further, this attempt by Gemini comes as the other crypto industry players are also betting on the tokenized equities too. Recently, Coinbase’s Chief Legal Officer, Paul Grewal, has confirmed that the exchange is seeking a “no‑action letter” or other exemptive relief from the U.S. Securities and Exchange Commission to offer tokenized equities access.

In another instance, last month, Robinhood submitted a 42‑page filing to the SEC in May 2025 seeking clarity on tokenized real‑world assets, signaling intent to offer blockchain‑native securities alongside its conventional stock app. Another crypto exchange Kraken rolled out “xStocks,” tokenized versions of 50+ U.S. equities and ETFs (Apple, Tesla, SPY, etc.) on Solana to non‑U.S. customers in Europe, Latin America, Africa and Asia.

Not only industry leaders, equity tokenization-focused projects are also emerging. Thus, this RWA trend is posied to ramp up further in near future with the landscape going to be highly competitive.

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About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.