Gemini Partners with Dinari to Launch Tokenized Stock Trading for EU Customers, Starting with MicroStrategy (MSTR)

Gemini, a leading global cryptocurrency and Web3 platform, has announced a groundbreaking partnership with Dinari, the premier provider of tokenized U.S. public securities, to introduce tokenized stock trading for its customers in the European Union. The initiative kicks off with tokenized shares of MicroStrategy (Nasdaq: MSTR), now rebranded as Strategy, marking a significant step in bridging traditional finance (TradFi) and decentralized finance (DeFi).

Through Dinari’s tokenization-on-demand infrastructure, Gemini users in the EU can now purchase fully backed MicroStrategy (MSTR) dShares, which are tokenized representations of the underlying U.S. equity, and trade them alongside cryptocurrencies on Gemini’s regulated platform.

These dShares are backed 1:1 by the corresponding U.S. stocks, held with a regulated custodian, and offer the same economic rights as the underlying security where permitted. The tokens are initially available on the Arbitrum blockchain, an Ethereum Layer 2 solution, with plans to expand to additional networks in the future.

“This partnership aligns with our ‘security-first’ approach, offering our users a high-integrity option to access real-world financial markets on-chain,” said Tyler Winklevoss, co-founder and CEO of Gemini. “By combining Dinari’s compliance-driven tokenization technology with Gemini’s secure infrastructure, we’re empowering European investors with greater liquidity, transparency, and flexibility.”

The launch begins with MicroStrategy, a company widely recognized as the world’s largest corporate holder of Bitcoin, currently owning over 592,100 BTC valued at more than $63 billion. This makes MSTR a natural first choice for tokenized trading, given its strong correlation with Bitcoin and its appeal to crypto-savvy investors. The tokenized MSTR shares are available for 24/5 primary market trading, providing traditional-market liquidity and seamless DeFi interoperability.

Gemini and Dinari plan to expand their offerings in the coming days, with additional tokenized U.S. stocks and exchange-traded funds (ETFs) set to be introduced. The rollout, which started today for European customers, is expected to extend to other regions, including the United States, in the coming months, pending regulatory approvals.

“Gemini has been a pioneer in building compliant and secure infrastructure for over a decade. We’re thrilled to support their rollout of real-world assets to their customers,” said Gabe Otte, Co-Founder and CEO of Dinari.

Dinari, a Registered Transfer Agent with the U.S. Securities and Exchange Commission (SEC), has raised $22.65 million from investors including VanEck Ventures, Hack VC, and F-Prime Capital. Its dShares platform enables fractional ownership and frictionless trading, making U.S. equities more accessible to global investors through blockchain technology.

This move comes amid growing demand for tokenized real-world assets, with Dinari’s recent SEC approval as a broker-dealer further solidifying its position in the market.