Dinari launches tokenized SpaceX shares for global investors
Dinari has launched tokenized shares of SpaceX, known as $SPCX dShares, allowing global investors to trade the stock 24/7 on regulated and decentralized platforms. The shares are backed by securities held with licensed custodians and will be available in over 85 jurisdictions. Additionally, $SPCXD will be the first tokenized U.S. equity available for spot trading on HyperCore.

*this image is generated using AI for illustrative purposes only.
Dinari has launched tokenized shares of SpaceX, known as $SPCX dShares, enabling global investors outside the U.S. to trade the stock 24/7 through both regulated financial platforms and decentralized markets. The tokenization of SpaceX, which is trading on Nasdaq under the ticker $SPCX, represents the largest IPO in history. Dinari will distribute the asset through its network of fintech, exchange, Web3 native, and neobank partners across more than 85 jurisdictions. Simultaneously, $SPCXD will become the first tokenized U.S. equity available for spot trading on HyperCore.
To support the launch, Dinari introduced a token architecture designed to bridge regulated applications and decentralized markets. This architecture allows $SPCX dShares to be distributed across both ecosystems without sacrificing the core benefits of the dShares model. Each dShare is backed by a security held with licensed custodians and preserves the rights associated with investing in U.S. capital markets, including cash dividends, the right to redeem at NBBO, a claim on backing securities, and fully-automated corporate actions.
Trading on Hyperliquid
The launch marks the first tokenized U.S. equity to trade on Hyperliquid, a DeFi market that has processed over $2.9 trillion in cumulative trading volume. Hyperliquid is noted for actively trading at the market open. By bringing SPCX dShares to HyperCore, Dinari enables crypto-native market participants to engage in price discovery for the SpaceX IPO while accessing an asset backed through its custodial framework.
Key Features of dShares
Dinari's dShares model combines the flexibility of digital assets with the security of traditional equities. The structure ensures that holders retain rights and protections such as dividends, proxy votes, and a direct legal claim to equity. The model also unlocks capabilities not available with traditional stocks, including instant settlement and global access.
| Feature | Description |
|---|---|
| Backing | Security held with licensed custodians |
| Rights | Cash dividends, redemption at NBBO, claim on backing securities |
| Corporate Actions | Fully-automated |
| Trading | 24/7 access on regulated and decentralized platforms |
"Our objective has always been to expand access to U.S. equities without compromising the protections associated with stock ownership," said Gabriel Otte, CEO and Co-Founder of Dinari. "This architecture allows dShares to reach investors through both regulated financial platforms and decentralized markets while preserving the core rights associated with the underlying security."
Will the success of $SPCX dShares prompt Dinari to tokenize other major private companies awaiting IPO?
How will traditional stock exchanges react to 24/7 trading of tokenized equities on decentralized platforms?
What regulatory challenges might arise as tokenized U.S. equities expand to more than 85 jurisdictions?

































