Tokenized equities firm Dinari is bringing its blockchain-based U.S. stock offering to eligible domestic investors, marking an expansion of the custodial tokenization model into the U.S. market.

The company said Tuesday that investors can buy and sell 724 tokenized U.S. stocks, including every company in the S&P 500, using Circle's USDC stablecoin through self-custody wallets. The stock tokens are available across Ethereum, Arbitrum, Base and Avalanche, with support for Solana and Sei coming “soon,” the firm said.

The offering runs through Dinari's regulated broker-dealer and transfer agent infrastructure and launches with partners including Circle (CRCL), Stripe-owned Privy, Para and Monaco.

The move comes as tokenized equities emerge as the next battleground in real-world assets. After tokenized U.S. Treasury funds became the first major institutional use case, firms are increasingly turning to public equities, betting blockchain technology can modernize trading, settlement and shareholder recordkeeping. Citi projects tokenized securities could grow into a $5.5 trillion market by 2030.

The space is also splitting into competing models. Robinhood (HOOD) and Kraken parent Payward have expanded tokenized stock offerings outside the U.S. using offshore structures that mirror publicly traded shares.