Tokenized US equities issued via a registered US broker-dealer subsidiary.
Last updated 2026-06-20
Dinari was an early mover in tokenized US equities with a focus on a registered US broker-dealer issuance model (dShares). They have published their custody framework, secured registrations across multiple regions, and built infrastructure suitable for institutional integration.
GM Markets shares the 1:1 custody-backed model but is built consumer-first: permissionless onboarding via Privy (Apple, Google, email, passkey, external wallet) with no platform-level KYC, an Apple-Stocks-like product surface, $1 trade minimum, and a unified USDF stablecoin across chains. We're optimized for fast retail and treasury onboarding, not white-labelled institutional integrations.
Both use 1:1 custody-backed issuance. Dinari's public posture is broker-dealer-issued with a primary/secondary distinction; GM Markets executes every trade via RFQ against regulated tokenized security issuers and settles back-to-back. From a user's perspective: GM Markets surfaces one Buy/Sell flow with no primary-vs-secondary distinction.
No. They are separate token issuances against separate custody arrangements. A token from one platform cannot be redeemed at the other.
Both are ERC-20 tokens with public contracts; both work in DeFi venues that whitelist them. Liquidity depth varies by token, chain, and venue — check the specific pool depth before placing large composability trades.
