Tokenized equities bring public stocks on-chain. The two providers most ARCrypto members consider in 2026 are Dinari and Backed Finance. Both let you hold dTSLA / bTSLA, dNVDA / bNVDA, and similar wrappers on Ethereum and other chains. The structures are different and that difference matters.
Dinari
US-regulated (broker-dealer registered with the SEC). Each dToken is 1:1 backed by a real share held by a US transfer agent. Dividends pass through. Available to non-US investors via the dShares platform. Gas-efficient on Arbitrum.
Backed Finance
Swiss-domiciled, regulated by FINMA. bTokens are 1:1 backed by shares held in a Swiss-licensed custodian. Stronger global reach, deeper DeFi integration. The flagship product (bIB01 / bSTOCK lineup) trades on Uniswap and major DEXs. EU-residency-friendly.
The structural difference
- Custody: Dinari uses a US transfer agent; Backed uses a Swiss custodian. Different regulatory regimes mean different recovery profiles.
- Onramp: Dinari requires KYC and accepts USD/USDC; Backed is more permissionless via DEX swaps but less integrated with US fiat rails.
- DeFi integration: Backed has more direct DeFi liquidity; Dinari is catching up fast on Arbitrum.
Why ARCrypto members care
Tokenized equities collapse the boundary between “the stock you bought through Schwab” and “the on-chain collateral you can borrow against tomorrow.” For Buy-Borrow-Die structures, that flexibility matters. Book a call for the strategic walkthrough.