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Tokenized Stocks Just Got Their First U.S. License

Dinari opens new doors for public equities on-chain. PLUS: Top Airdrops of the week, $484M in unlocks and new laws incoming.

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Cryptopolitan News
June 30, 2025 • Estimated Reading Time: 11 minutes

📬 Today’s Byte

• Dinari gets regulatory green light for tokenized stocks

• $484M in Token Unlocks incoming

• GENIUS and CLARITY Acts could bring stablecoin rules and market structure clarity

• Top Airdrops of the week

🧠 Dinari gets regulatory green light for tokenized stocks

The first U.S.-approved platform for on-chain shares just opened a new frontier for public equities

In a major breakthrough for real-world asset tokenization, Dinari has become the first company to receive U.S. regulatory clearance to offer blockchain-based shares of public companies to American investors.

The San Francisco-based platform secured broker-dealer approval through a subsidiary and is preparing to launch its licensed platform next quarter, allowing on-chain trading of tokenized stocks, or “dShares,” under the watchful eye of the SEC.

Until now, Dinari had only issued tokenized stocks to international users via Coinbase’s Base network. But with this green light, the company is shifting focus to the U.S. market, aiming to integrate its offering into fintech apps and brokerages through APIs.

What makes this different?

Dinari’s model settles tokens on a public blockchain, but routes trades through known market centers, bridging Wall Street infrastructure with on-chain settlement. CEO Gabriel Otte says it’s more than just a brokerage: it’s a full “financial stack built on-chain.”

Tokenized equities are heating up

  • Tokenized stocks offer faster settlement, lower fees, and 24/7 trading

  • Retail investors could gain access to markets traditionally limited by geography and hours

  • Institutions are watching closely, especially as regulation starts catching up

This puts pressure on giants like Coinbase and Kraken, both of which are actively seeking licenses to offer similar products. Coinbase has already filed to launch tokenized stocks for U.S. users, while Kraken plans to roll out over 50 tokenized stocks and ETFs abroad via Backed xStocks on Solana.

A quiet race is underway and Dinari just took the lead.

Tokenization isn’t just for public stocks

New York-based Republic recently launched rSpaceX, blockchain-secured tokens tied to the value of SpaceX shares. While holders don’t own the equity directly, they gain exposure to events like IPOs and acquisitions.

Republic’s plan? Expand access to pre-IPO giants like Stripe, OpenAI, and Anthropic, long dominated by VCs and institutions. The tokens are expected to become tradable after a one-year lock-in on INX, a registered exchange.

The big picture:

  • Tokenized real-world assets (RWAs) are valued at $600B today

  • A joint Ripple–BCG report estimates the sector could grow to $18.9 trillion by 2033

  • The World Economic Forum has flagged regulatory fragmentation and liquidity risks, but the momentum is clearly building

Dinari’s breakthrough shows that tokenized finance isn’t just coming — it’s getting licensed, plugged into real brokerages, and landing in the hands of U.S. investors. This could be the beginning of Wall Street’s blockchain moment.

Crypto liquidity returned in H1, rising to a new record on a mix of tokenized assets. Led by stablecoins and RWA, locked liquidity rose above $375B.

📊 Market Watch:

SUI, Ethena, and Solana lead this week’s unlocks. More than $484 million worth of token unlocks are scheduled between June 30 and July 7, with several major projects releasing significant portions of their token supply.

SUI tops the list with a $125 million cliff unlock, followed by Ethena (ENA) with $58 million. Both releases represent meaningful percentages of their total token supply and could trigger short-term volatility. Meanwhile, Solana leads the linear unlocks category, steadily releasing around $71 million worth of SOL across the week.

📘 Understanding Unlock Models
Cliff unlocks refer to large, one-time token releases that occur after a fixed lock-up period, often triggering concentrated market impact.
Linear unlocks distribute tokens gradually over time (e.g. daily or monthly), resulting in a smoother and more predictable supply increase.

Altogether, cliff unlocks this week account for $229 million, while linear unlocks make up around $255 million. These releases are closely watched by traders, as they often signal upcoming sell pressure especially when tied to tokens with limited liquidity or short trading histories.

A landmark trade deal between the United Kingdom and the United States has become effective today. The deal slashes export tariffs for Britain’s automotive and aerospace sectors, significantly benefiting UK manufacturers.

⚖️ Regulation Watch

The U.S. could finally be on the verge of passing its first real crypto laws and it might happen within weeks.

House Republicans are preparing to bring two major crypto bills to a vote: the GENIUS Act, focused on stablecoins, and the CLARITY Act, which would define how the broader crypto market is regulated. The current plan? Bundle both into a single vote as early as the week of July 7.

Here’s what’s at stake:

🧾 GENIUS Act

  • Passed the Senate with a 68–30 bipartisan vote

  • Sets federal guardrails for U.S. dollar-pegged stablecoins

  • Gives legal clarity to private digital dollar issuers

  • Aims to make stablecoin issuance safer and more predictable

🏛️ CLARITY Act

  • Establishes a framework for crypto market structure

  • Defines roles for regulators like the SEC and CFTC

  • Addresses token classification, custody, and exchange rules

  • Still faces committee reviews but gaining momentum

Key lawmakers including Sen. Cynthia Lummis, Sen. Tim Scott, and Rep. French Hill are reportedly working to align both bills for a unified vote. Behind the scenes, the crypto industry is pushing hard for progress, having invested over $250 million into this election cycle.

Meanwhile, the White House Council on Digital Assets, now led by Bo Hines, has shifted tone signaling support for making the U.S. a friendlier environment for Web3 innovation.

If passed, these two bills would set the foundation for how stablecoins are issued and how crypto markets operate and would mark the first federal crypto law in U.S. history.

Ripple Labs CEO Brad Garlinghouse is committed to instilling confidence in XRP by penning a rare public show of support for the cryptocurrency in a cryptic tweet where he declared that he is 1,000% behind the digital asset.

🎁 Top Airdrops of the week

From trading tasks to point farming, here are 4 airdrops worth checking out right now:

1. Warden Protocol – 1,000,000 $WARD
Earn "PUMPS" through activities in the Warden ecosystem to boost your personal token allocation. The more active you are, the more you earn.

2. GaiaNet – Gaia Reward Program
Complete social tasks or claim web domains to earn “gaiaPoints.” These points will convert to tokens after Gaia’s token generation event (TGE).

3. League of Traders (LOT) – 1,000,000 $LOT
Deposit and trade $100+ between June 21 and July 30 to qualify. Includes bonus tasks for “alpha trading” participants.

4. SAHARA x MEXC Airdrop – $85K in $SAHARA + 50K USDT
New users can instantly claim from a $72K pool. Existing users can earn rewards by trading and inviting friends.

Market-moving headlines 🔥

President Donald Trump, speaking to reporters at the NATO summit in The Hague, said he plans to install a new Federal Reserve chair who is fully committed to cutting interest rates, according to information from Bloomberg and the Wall Street Journal.

Iran is sitting on over 400 kilograms of uranium enriched to 60%, and no one knows if it was destroyed, moved, or buried under rubble.

After the United States and Israel bombed three of Iran’s major nuclear sites — Fordow, Natanz, and Isfahan — there’s growing concern that Tehran may have used the chaos to hide its most dangerous nuclear material.

Bitcoin long-term holders just locked in the biggest single-month accumulation ever recorded, grabbing 800,000 BTC in the span of 30 days, according to CryptoQuant.

That figure is the highest monthly net growth in coins sitting untouched for more than six months, meaning they’ve now officially crossed into Long-Term Holder (LTH) status.

In a pivotal turn in the long-running legal battle with the US Securities and Exchange Commission (SEC), Ripple Labs has announced it is withdrawing its cross-appeal in the case. The SEC is also expected to drop its appeal, signaling a potential end to the high-profile lawsuit.

30th June

Did you know? 🧠

On June 30, 2024, the Markets in Crypto‑Assets (MiCA) regulation came into effect across the European Union, marking the most comprehensive crypto‑asset regulatory framework to date .

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