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Most commonly asked questions about how to get started on buying our asset-backed tokens
Dinari (dShares) is an infrastructure that allows users to trade traditional securities, like stocks and bonds, on the blockchain. It uses smart contracts to represent the securities as tokens and to automate the process of buying and selling them.
In simpler terms, You are trading Stocks and Bonds on the blockchain using smart contracts.
No. We have no plans to build or launch a Dinari token.
To get started in purchasing our US stock-based tokens, you need the following:
- EVM-compatible wallet.
- USDC, USDC.e or USDT on Arbitrum One network.
- To Complete our KYC (Know Your Customer) verification process
To mint our tokens, you pay market or limit price in USDC, USDC.e or USDT.
In addition to having the proper funds in your wallet, you'll need to go through our KYC (Know Your Customer) process to verify your identity and residency. In order to do this, connect your wallet and then press the button "Verify Identity." You'll need:
- 1.A government issued identity document (Driver's license, passport, etc)
- 2.A proof of residency (current utility bill, bank bill with your address, etc)
No, this is a requirement by the SEC.
Because we programmatically maintain at least a 1-1 backing, we are currently minting tokens ONLY after the security that backs that token settles. Since fulfillment of new market orders can only be done during US market hours (Monday-Friday 9:30AM - 4PM EST), we can only issue new tokens during that time. See Nasdaq and NYSE for a full schedule of US trading hours.
The stocks are held by Dinari. We issue a separate security - the dShare - backed by the corresponding stock’s shares.
dShares are ERC20s that are minted to your wallet when purchased.
You should be able to see the prices that you bought and sold under “Orders”. You also should have been able to see the fee breakdown when you made the trade. Reach out to the team on any of our socials or Discord if you have more specific questions we can help with.
Dividend distribution varies from asset to asset, based on when that asset distributes it's underlying dividend. We will attempt to distribute dividends shortly after distribution when possible, and will provide updates in our Discord.
If it's a Dinari dShare token, then yes. If it's a traditional AAPL (off-chain) or another token that is not Dinari issued, then no. It has to be AAPL.d, not AAPL, to receive dividends via Dinari. Please note that you must register your wallet with Dinari in order to be eligible to receive USDC dividends.
Yes. It's on our roadmap. Eventually we want to do stocks from all over the world.
No. dShare token holders are not shareholders in any corporation. The shares are not digital stock certificates. You hold a security that is backed by an asset. That asset is in Dinari's custody. Dinari will burn the dShare tokens at the market value of the corresponding asset, and may offer other benefits to token holders.
Yes. We use our transfer agent status to operate as the primary issuer of the securities (minted dShare tokens). We also hold the equivalent stock in our vault accounts to correspond to the circulating tokens.
Last modified 20d ago