Provider at a glance
- Category
- Tokenised Equities
- Entity
- Not verified
- Official website
- dinari.com
Independent rankingchecked How it works
Details
Scored 58 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Dinari dShares
Tokenised US shares from a broker-dealer
Tokenised Equities
#6 Overall
Ranked #6 of 8 tokenised equities in the published ranking
58
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Dinari dShares right for you?
Look elsewhere if these come first
- Share or promise5/10 here; Securitize (tokenized SECZ) scores 10
- Issuer named7/10 here; Securitize (tokenized SECZ) scores 9
- Dividends explained6/10 here; the category best is 8
- US-person answer1/10 here; Ondo Stocks scores 9
Not yet tested for your country. Markets it lists: Europe, Asia, Latin America, United States. Restricted: Canada, Croatia, Ukraine, Venezuela.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best tokenised equity shows where it lands for you.
What will Dinari dShares cost you?
Not priced on this basis
- Your balance
- $10k
How safe is Dinari dShares?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Dinari dShares
Compare all 4- 3Ondo StocksLevel on score · stronger on US-person answer (9 against 1)58
- 4Securitize (tokenized SECZ)Level on score · stronger on share or promise (10 against 5)58
- 5Bullish tokenized BLSH sharesLevel on score · stronger on US-person answer (9 against 1)58
For your setup
Find out if Dinari dShares fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Dinari dShares lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
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Find my best tokenised equityNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Dinari dShares ranks #6
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (16.0 here) sit inside the score; availability, friction, trust record and measured data add the rest.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
355+5.603.510#4/8Loading evidence…
257+5.607.59#5/8Loading evidence…
226+4.225.58#3/8Loading evidence…
181+0.588.59#8/8Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
MarginLevelbehind Bullish tokenized BLSH shares, #5
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 56–60 and ranks #3–#6
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Dinari dShares’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Do I own the share, or do I own a promise from whoever sold it to me? 5 → 6 on its ladder · passes Bullish tokenized BLSH shares+160#6 → #3
Whose name is on the paper I am buying — and can I look that entity up in a register? 7 → 8 on its ladder · passes Bullish tokenized BLSH shares+159#6 → #3
When a dividend or a split happens, does anyone tell you in writing what you will get? 6 → 7 on its ladder · passes Bullish tokenized BLSH shares+159#6 → #3
Can a US person hold this — and does the vendor give me the same answer twice? 1 → 2 on its ladder · passes Bullish tokenized BLSH shares+159#6 → #3
Smallest climb: “Do I own the share, or do I own a promise from whoever sold it to me?” 5 → 6 passes Bullish tokenized BLSH shares, #5.
Strengths
0 from the score dataWhere it leads
No scored criterion is at or within one point of the category best, so no strength can be stated from the data.
Tradeoffs
4 from the score dataWhere it trails
Not for readers who put first
- Do I own the share, or do I own a promise from whoever sold it to me? — 5/10 against a category best of 10/10
- Whose name is on the paper I am buying — and can I look that entity up in a register? — 7/10 against a category best of 9/10
- When a dividend or a split happens, does anyone tell you in writing what you will get? — 6/10 against a category best of 8/10
- Can a US person hold this — and does the vendor give me the same answer twice? — 1/10 against a category best of 9/10
Record watch-outs
- You will discover, only by opening a PDF that dinari.com/terms does not display inline, that the thing you bought is not yours. Section 6.8 of the binding Terms says the purchase 'does not confer upon the Purchaser/Participant any equity, redemption, or ownership interest in the Company or in the Underlying Assets' and that 'Title to, and all incidents of ownership in, the Underlying Assets shall remain with the Company'; section 4.5(d) says 'Dinari is the holder of record' and that you get no vote; and section 4.5(c) reserves Dinari the right 'to deduct a portion of your dividend for the services rendered' without publishing what that portion is. Every one of those sentences is contradicted, softened or simply absent on the pages Dinari actually shows you - dinari.com/dshares promises 'the same economic rights you'd get holding the underlying stock' and docs.dinari.com/docs/us.md calls dShares 'a secondary ledger for real ownership in the underlying securities'. The share is genuinely there, bought by a genuinely registered broker-dealer whose CRD resolves cleanly. It is just not, on the paper, yours.
Competitive position
Where Dinari dShares leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#2 / 812.0 of 20 · best 14.0
Published criteria#7 / 812.0 of 30 · best 19.0
Friction#1 / 82.7 of 10 · constant here
Trust record#1 / 83.2 of 8 · constant here
Measured data#1 / 88.3 of 18 · constant here
Where Dinari dShares leads
- When a dividend or a split happens, does anyone tell you in writing what you will get?#3 / 8
Where it trails
- Can a US person hold this — and does the vendor give me the same answer twice?#8 / 8
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Bullish tokenized BLSH shares#5 of 8 · score 58 · same score
Dinari dShares leads on
- When a dividend or a split happens, does anyone tell you in writing what you will get?6 vs 5
Bullish tokenized BLSH shares leads on
- Do I own the share, or do I own a promise from whoever sold it to me?8 vs 5
- Whose name is on the paper I am buying — and can I look that entity up in a register?8 vs 7
- Can a US person hold this — and does the vendor give me the same answer twice?9 vs 1
Largest single reason Bullish tokenized BLSH shares is ahead: published criteria (+15.6 display points).Scenario cost: Bullish tokenized BLSH shares has no verified pricing for this scenario.
Securitize (tokenized SECZ)#4 of 8 · score 58 · same score
Dinari dShares leads on
- When a dividend or a split happens, does anyone tell you in writing what you will get?6 vs 2
Securitize (tokenized SECZ) leads on
- Do I own the share, or do I own a promise from whoever sold it to me?10 vs 5
- Whose name is on the paper I am buying — and can I look that entity up in a register?9 vs 7
- Can a US person hold this — and does the vendor give me the same answer twice?8 vs 1
Largest single reason Securitize (tokenized SECZ) is ahead: published criteria (+16.4 display points).Scenario cost: Securitize (tokenized SECZ) has no verified pricing for this scenario.
Ondo Stocks#3 of 8 · score 58 · same score
Dinari dShares leads on
- Do I own the share, or do I own a promise from whoever sold it to me?5 vs 2
- Whose name is on the paper I am buying — and can I look that entity up in a register?7 vs 6
Ondo Stocks leads on
- Can a US person hold this — and does the vendor give me the same answer twice?9 vs 1
Largest single reason Ondo Stocks is ahead: published criteria (+0.8 display points).Scenario cost: Ondo Stocks has no verified pricing for this scenario.
Against the leader
81 vs 58 · gap 23.0Why Superstate Opening Bell ranks above Dinari dShares
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 23.0 to within rounding.
DimensionThisSuperstate Opening BellGap share
Availability · 23% weight12.014.0−5.2, worse
Published criteria · 35% weight12.019.0−18.2, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisSuperstate Opening BellPoints
Do I own the share, or do I own a promise from whoever sold it to me? · w35510−5.60, worse
Whose name is on the paper I am buying — and can I look that entity up in a register? · w2579−1.60, worse
When a dividend or a split happens, does anyone tell you in writing what you will get? · w2265+0.70, better
Can a US person hold this — and does the vendor give me the same answer twice? · w1816−2.88, worse
Net5881−23.0
Your scenario
Dinari dShares is not priced for this scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Rate read from the provider’s published pricing ↗ on 29 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 8 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
8 of 8 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 29 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #3 to #6 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 29 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Do I own the share, or do I own a promise from whoever sold it to me?strength 5 · weight 35Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Whose name is on the paper I am buying — and can I look that entity up in a register?strength 7 · weight 25Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.When a dividend or a split happens, does anyone tell you in writing what you will get?strength 6 · weight 22Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Can a US person hold this — and does the vendor give me the same answer twice?strength 1 · weight 18Report an error—29 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by Do I own the share, or do I own a promise from whoever sold it to me? · 35% (Dinari dShares 5/10)Scored by Whose name is on the paper I am buying — and can I look that entity up in a register? · 25% (Dinari dShares 7/10)
- Regulatory failure (Dinari dShares 1/10): no licence where you are, or a forced market exit.Scored by Can a US person hold this — and does the vendor give me the same answer twice? · 18%
- Information failure (Dinari dShares 6/10): the number is wrong or bought, or your data leaks.Scored by When a dividend or a split happens, does anyone tell you in writing what you will get? · 22%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Facts
facts, not scoresWhat the record publishes
- Pricing
- THERE IS NO PUBLISHED CONSUMER PRICE FOR A dSHARE. Dinari's only fee schedule is https://
docs .dinari .com /docs /fees .md, titled 'Partner Fees' (front matter now 'updatedAt: 2026-08-27T15:06:56.000Z'; read on 29 September 2026, HTTP 200), and it prices the API, not the token: "Dinari does not collect transaction fees from our partners or their end users. We do, however, collect other types of fees." API: "API access is billed monthly and starts at **$2,000 per month**." Flat Rate Network Charges table: Standard Network Fee "$0.20", Ethereum Mainnet "Based on ETH Gas Fees", and "The final network fee will be added to the total cost of the order being placed." USDT: "Orders paid or settled in USDT are converted at the prevailing market rate. Dinari charges this rate (determined by oracle pricing) + 3bps markup." OTC table (partners only): minimum order size "$25,000", pricing "Spread quoted per trade, typically up to 10 bps". The end-customer charge is set by the partner platform, not by Dinari: "Partners can specify the exact fee to collect on an order by passing the optional `fee` parameter", with a table default of "$0.20". No dividend fee is on the fee page; the only dividend charge is unquantified and sits in the Terms PDF linked from https:// dinari .com /terms (header '12.26.25'): 'Dinari reserves the right to deduct a portion of your dividend for the services rendered.'Dinari dShares — official pricing page ↗ · 29 September 2026 - Prices published in
- USDDinari dShares — official pricing page ↗ · 29 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- BINDING TEXT, scored per the rubric's instruction to score the worse of two conflicting documents in one distribution chain. The Terms and Conditions PDF linked from https://
dinari .com /terms (header '12.26.25', downloaded 19 August 2026, HTTP 200, 8 pages) reads at s6.8: 'No Redemption or Ownership Right . - Supported chains
- ethereum, base, arbitrum, avalanche, plume
- Markets served
- europe, asia, latam, us
- Primary markets
- Not published
- Restricted markets
- Canada, Croatia, Ukraine, Venezuela
- Operating limits
- Not published
- Availability note
- BOTH KINDS OF RESTRICTION ARE PRESENT AND MUST BE READ SEPARATELY. (A) A GENUINE MARKET RESTRICTION, and it contradicts itself. The binding Terms and Conditions (12.26.25, dinari.com/terms) define '"Excluded Jurisdiction" MEANS ANY OF UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES), CANADA, ...' and https://
docs .dinari .com /docs /restrictions .md (9 July 2026) adds, under a heading 'Unsupported Countries', 'For some regions, we are in the process of securing proper licensing to operate: * Canada'. Against that, https:// docs .dinari .com /docs /us .md (7 August 2026) is a maintained guide to serving US citizens and residents. Canada is excluded consistently by all three documents; the United States is excluded by two and served by the third. (B) A POSITIVE FOOTPRINT CLAIM, marketing-side only. https:// dinari .com /dshares: 'dShares™ align with localized regulatory frameworks in 85+ jurisdictions across:' then 'Europe: distributed under MiFID II', 'Hong Kong: treated as a standard security', 'Latin America: distributed under digital payments licenses'. No country list is published on that page; it defers to the docs. No MiFID licence number, no SFC number and no LatAm licence number is given for any of the three - these are unregistered assertions and are NOT emitted as regulatoryLicenses. (C) A STANDARD SANCTIONS REPRESENTATION, NOT A REGIONAL FOOTPRINT - the 30-country OFAC/FATF block on the restrictions page: 'in cooperation with U.S. Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), and other U.S. and international regulatory bodies, we regretfully cannot support business activities in some countries: Afghanistan, Belarus, Bosnia and Herzegovina, Central African Republic, Croatia, Cuba, Democratic Republic of Congo, Ethiopia, Guinea-Bissau, Iran, Iraq, Kosovo, Lebanon, Libya, North Macedonia, Mali, Montenegro, Myanmar, Nicaragua, North Korea (DPRK), Russian Federation, Serbia, Slovenia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, Zimbabwe'. Note this list is broader than a bare OFAC list - it sweeps in Croatia, Slovenia, Montenegro, Serbia, Bosnia, North Macedonia and Kosovo, i.e. most of the Western Balkans plus two EU member states, which for a European buyer is a real market restriction wearing sanctions clothing. Scored nowhere; recorded as a dated fact.
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with Dinari dShares: where to complain, and where to report a scam
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How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 29 September 2026Current verified snapshot · methodology 2026.10.18Score 58, #6 of 8. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt tokenised_equities:dinari_dshares_tokeq:2026.10.18:89fb55ade437
Are you Dinari dShares? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.