© 2026 Dinari, Inc.
Last updated: Oct 10, 2026
Dinari Securities, LLC (“Dinari Securities,” “we,” or “us”) is a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). Our FINRA CRD number is 329672. You can review our registration and history on FINRA’s BrokerCheck or by calling (800) 289-9999. Our Customer Relationship Summary (Form CRS) describes the services we offer, the fees we charge, our conflicts of interest and our disciplinary history, and is available at dinari.com/bd/crs.
Dinari Securities provides a self-directed, web-based brokerage platform (the “Platform”) through which eligible U.S. customers may place orders to buy and sell equity stocks. The Platform allows you to fund your account using USDC, a U.S. dollar-denominated stablecoin; reflects your stock positions as blockchain-recorded tokens called dShares™; and allows you to transfer dShares™ to a self-custody digital wallet that you control. Dinari Securities does not provide investment advice or recommendations, does not monitor your account, and does not accept discretionary authority. You are solely responsible for your investment decisions.
Our principal office is located at 260 Madison Avenue, Suite 8051, New York, NY 10016. You may contact us at [email protected].
Dinari Securities is a wholly owned subsidiary of Dinari, Inc. Dinari, Inc. is registered with the SEC as a transfer agent and developed the technology used to create and maintain dShares™, which it licenses to Dinari Securities. Dinari, Inc. is not a broker-dealer, does not carry customer brokerage accounts, and does not execute your orders.
Conflict of interest. dShares™ are proprietary products that use our affiliate’s technology, and our brokerage offerings on the Platform are limited to these proprietary products. Because our affiliate benefits when dShares™ are used, we have an incentive to offer dShares™ rather than other ways of holding the same stocks. You can buy the same stocks through other brokers without the use of tokens. See our Form CRS for more information.
Content on dinari.com describing dShares™ products offered outside the United States through non-U.S. distribution partners, including any product in which Dinari, Inc. holds shares in its own name and issues tokens to investors, describes products of Dinari, Inc. Those products are not offered by Dinari Securities and are not available to U.S. persons through the Platform.
When you buy a stock through Dinari Securities, you own that stock in your brokerage account, which is carried by our clearing firm, Alpaca Securities LLC. Your position is also recorded on a public blockchain as a token called a dShare™. A dShare™ is a secondary recordkeeping token: it reflects the stock position in your account. It is not a separate investment, and it is not a claim on shares held in anyone else’s name.
Which record governs. The official books and records of your account are maintained by Dinari Securities and Alpaca. If the blockchain record and your account records differ, your official account records govern. Your account statements and trade confirmations are the official record of your holdings and transactions.
Dividends and corporate actions. Dividends and corporate actions on stocks in your account are processed by our clearing firm and reflected in your account and in your dShare™ balance. Cash dividends are credited as USDC (see USDC disclosure below). Share and token holders participate in all splits, mergers, tender offers, spin-offs, delistings and fractional shares. Eligible dShare™ holders
Transferring dShares™ to a self-custody wallet. You may transfer dShares™ to a self-custody digital wallet that you control. Wallets must be registered with Dinari prior to the transfer.
Risks of blockchain recordkeeping. Using a blockchain to record your positions involves risks that do not apply to a conventional brokerage account, including blockchain network outages, congestion, forks or failures; defects or vulnerabilities in the smart contracts that govern dShares™; errors or delays in reconciling the blockchain record with your account records; reliance on technology licensed from Dinari, Inc.; and changes in how regulators treat tokenized records. Read the dShares™ Risk Disclosure before trading.
Dinari Securities has entered into a clearing agreement with Alpaca Securities LLC (“Alpaca”), a broker-dealer registered with the SEC and a member of FINRA and SIPC (CRD #288202 / SEC #8-69928). Alpaca is not affiliated with Dinari Securities or Dinari, Inc. Your account is introduced to and carried by Alpaca on a fully disclosed basis. Information about Alpaca is available on FINRA’s BrokerCheck and at alpaca.markets.
How responsibilities are divided. Under the clearing agreement, responsibilities for your account are divided as follows:
Alpaca does not control, and is not responsible for, the dShares™ tokens, the blockchain, your self-custody wallet, USDC, or the conversion of USDC to or from U.S. dollars. Alpaca does not provide investment advice and does not supervise Dinari Securities. Alpaca does not extend margin or credit to Dinari Securities customers through the Platform.
If you have a question or complaint about your account, contact Dinari Securities first at [email protected]. You may also contact Alpaca directly if you have questions about the custody of your securities, your account statements, or if you are unable to reach Dinari Securities.
Dinari Securities and Alpaca are members of SIPC. SIPC protects the securities and cash held in a customer’s brokerage account, in the event a member broker-dealer fails financially, up to $500,000, including a $250,000 limit for cash claims. SIPC does not protect against losses from a decline in the market value of securities. Information about SIPC, including the SIPC brochure, is available at www.sipc.org or by calling (202) 371-8300.
On this Platform, SIPC protection is limited as follows:
USD Coin (USDC) is a U.S. dollar-denominated stablecoin issued by Circle Internet Financial, LLC (“Circle”). Circle is not affiliated with Dinari Securities, Dinari, Inc., or Alpaca. Dinari Securities does not issue, sponsor, guarantee or control USDC, and Circle is not responsible for your Dinari Securities account. References to USDC on the Platform are not an endorsement by Circle of Dinari Securities or of any security.
How USDC is used on the Platform. You may fund your account by sending USDC from a digital wallet, and you may receive sale proceeds in USDC. Third-party payment partners, who are not affiliated with Dinari Securities, may charge currency conversion spreads, minting or redemption fees, and blockchain network costs in connection with USDC funding and withdrawals.
What USDC is not:
Risks of using USDC:
Circle’s USDC Terms are available at circle.com/legal/usdc-terms, and Circle’s reserve information is available at circle.com/transparency.
All investments in securities involve risk, including the possible loss of the entire amount invested. The value of stocks and exchange-traded funds fluctuates and may decline in response to company, industry, market, economic and political developments. Past performance and past price movement do not guarantee future results.
Securities and digital assets held through Dinari Securities are not deposits, are not insured by the FDIC, are not guaranteed by any bank, and may lose value.
Using the Platform involves additional risks described above under “What dShares™ are” and “Circle and USDC,” and in the dShares™ Risk Disclosure.
Market prices, volume, percentage change and chart data displayed on the Platform are provided by Massive.com and are real-time. Data are displayed as of the time indicated and may not reflect the most recent trade. Percentage change and charts reflect the selected period and are for informational purposes only; they do not indicate future performance and are not a recommendation. Dinari Securities does not guarantee the accuracy, completeness or timeliness of market data.
Amounts shown when you enter an order are estimates based on current market conditions. The price and quantity at which your order is executed may differ, particularly for market orders, orders entered outside regular trading hours, and during volatile markets.
Lists such as “Popular,” “Trending Up,” “Trending Down,” “Max. Volume” and “Recently Listed” are generated automatically using objective criteria, such as trading volume, price change over the selected period, or listing date. They are not investment recommendations, are not based on your financial situation or objectives, and are not an endorsement of any security.
Certain securities available on the Platform are shares of exchange-traded funds (ETFs) registered under the Investment Company Act of 1940. Before investing in an ETF, carefully consider its investment objectives, risks, charges and expenses. This and other information is in the fund’s prospectus, which is available from the fund’s sponsor or at www.sec.gov. Read it carefully before investing. ETF shares trade at market price, which may be above or below net asset value.
Dinari Securities charges a commission on each transaction that varies based on the notional value of the transaction. The current commission schedule is available at . All regulatory, exchange and clearing firm fees in connection with your trades are paid by Dinari Securities. You may also incur costs charged by third-party technology and payment partners, who are not affiliated with Dinari Securities, in connection with funding your account using USDC or transferring dShares™ to a self-custody wallet, such as currency conversion spreads, minting or redemption fees, blockchain network costs, or custody fees. Because we are paid on a transaction basis, we make more money when there are more trades in your account, and we have an incentive to encourage trading in securities that carry higher commissions.
Orders you place on the Platform are sent to Alpaca, which routes them for execution. Dinari Securities has a duty to seek best execution of customer orders under FINRA Rule 5310 and regularly reviews the execution quality obtained. Orders are sent to our clearing firm, Alpaca Securities LLC, which routes them for execution. The price you receive will vary with market conditions. Quarterly reports on order routing under SEC Rule 606 are available at https://alpaca.markets/disclosures. Information about how your own orders were routed is available on request.
Extended-hours trading. Trading outside regular market hours involves additional risks, including lower liquidity, higher volatility and wider spreads. See Extended-hours trading below.
Purchases by U.S. customers are currently limited to $5,000 per day in total. This is per customer, per day. Dinari Securities may change, suspend or remove this limit at any time. Access to the Platform is limited to persons who complete identity verification and meet our eligibility and jurisdictional requirements. Dinari Securities may restrict or close accounts and reject or cancel orders in accordance with the Customer Agreement and applicable law.
Transactions in stocks, dividends, transfers of dShares™, and transactions in USDC may have tax consequences. Dinari Securities does not provide tax advice; consult a qualified tax advisor.
Nothing on the Platform is an offer to sell or a solicitation of an offer to buy any security in any jurisdiction where that would be unlawful. Registration with the SEC and membership in FINRA and SIPC do not mean that the SEC, FINRA or SIPC has approved or endorsed Dinari Securities, dShares™, or any security or transaction. Dinari Securities may update this page at any time.
© 2026 Dinari, Inc.
