Dinari’s Anna Wroblewska on Bringing US Stocks Onchain

Summary

Anna Wroblewska discusses Dinari's custodial tokenization model for US equities, its B2B infrastructure approach, and the launch of the S&P Digital Markets 50 index token. The conversation covers regulatory milestones, global investor demand, liquidity sourcing across traditional and onchain markets, and the potential for tokenized assets to enable new use cases like collateralized lending.

• Dinari uses a custodial model where tokenized stocks mirror actual securities with full shareholder rights.
• The company operates a B2B rail, partnering with local fintechs and neo-banks to reach users in over 85 countries.
• Liquidity is sourced from traditional markets during hours and from on-chain order books (via Avalanche L1) off-hours.
• The S&P Digital Markets 50 index token combines 15 crypto assets and 35 tokenized equities into a single direct-indexed token.
• Tokenization can reduce back-office costs and enable new capabilities like portfolio-wide borrowing and yield generation.
• Adoption of tokenized equities by traditional institutions is expected to accelerate slowly then rapidly as regulatory clarity improves.
• Anna believes that blockchain-native lending will eventually be packaged within trusted traditional finance interfaces rather than requiring users to go directly to DeFi.