Bankless Are Tokenized Stocks Real? | Gabriel Otte of Dinari
112 snips
Jul 14, 2025 
Gabriel Otte, founder of Dinari, is on a mission to tokenize stocks and bring capital markets on-chain. He discusses the complexities and regulatory hurdles that make tokenized stocks a tricky reality. Otte shares insights on securing the first broker-dealer license for tokenized shares and the implications for on-chain finance. The conversation also touches on the limitations of current offerings, the evolving relationship between traditional finance and DeFi, and what the future holds for accessible capital markets.
AI Snips
Chapters
Transcript
Episode notes
Tokenized Stocks Goal
- Tokenized stocks aim to bring public capital markets on chain in a legal and compliant way.
- This enables borderless, interchangeable assets like swapping Apple shares directly for Google shares.
Regulations Challenge Tokenization
- Tokenizing National Market System (NMS) stocks is complex due to strict 80-year-old regulations.
- Regulators focus on consumer protection and maintaining trust in major exchanges like NASDAQ and NYSE.
What Do Investors Actually Own?
- In a brokerage account, investors own shares registered in their name, tracked by brokers and clearinghouses.
- DTCC maintains the central ledger of share ownership, ensuring proper settlement and ownership record.