⛩️ Kinto launches Stock Trading
Kinto is an L2 rollup designed to accelerate the transition to an on-chain financial system. It features user-owned KYC, AML, and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
TLDR
- Stock Trading through Dinari dShares is now available on Kinto (outside of the US and Canada).
- Blackrock’s iShares Bitcoin Trust ETF (IBIT.d), NVIDIA Corporation (NVDA.d) and Coinbase Global, Inc. Class A Common Stock (COIN.d) are the first to launch.
- Dinari dShares allows users to trade equities and ETFs on-chain.
- Dinari holds stocks and issues a separate security (the dShare) backed by the corresponding stock shares.
- Access digital assets and equities from the Kinto wallet, maximizing capital efficiency while earning mining rewards.
At Kinto, our goal has always been to give on-chain access to the best financial products from all macro asset classes. Today, we are really happy to announce that Kinto users can now trade equities and ETFs thanks to our partnership with Dinari.
Today, users can purchase IBIT.d, NVDA.d, and COIN.d from their Kinto Wallet and earn rewards from the Kinto Mining program.
🏭 The Stocks
Dinari’s dShares allows users to trade traditional securities, like stocks and bonds, on-chain. It uses smart contracts to represent the securities as tokens and to automate the buying and selling process. The stocks are held by Dinari, who issues a separate security—the dShare —backed by the corresponding stock’s shares. dShares are ERC20s that are minted to your wallet when purchased. Dinari also holds the equivalent stock in their vault, which corresponds with the circulating tokens.
You can now obtain dShares from Kinto. Holding it in your Kinto wallet has many benefits:
- Access traditional securities on-chain.
- Near instant settlement during market hours (< 10 seconds).
- Participate in the Mining program to earn Kinto mining rewards.
- There are no gas fees to deposit. All transactions on Kinto are sponsored as well.
- One-click deposit. You can deposit from Ethereum on Kinto in seconds.
- Highest security standard with insurance. Access assets from the safety and comfort of your Kinto wallet.
🪙 Why Dinari?
Dinari Securities Backed Tokens (dShares) provide direct exposure to the largest financial market: US-based equities and bonds. They are audited and transparent —links to audits are available on their website.
Kinto’s partnership with Dinari began with offering its first native asset, USD+. We are excited to continue expanding this partnership by offering dShares on Kinto.
At the moment, citizens from the US and Canada cannot access these assets, but we expect this restriction to be lifted in the next months.
Learn more about Dinari.
⛩️ Why Kinto?
Kinto has been designed to provide safe access to the best financial primitives in the Ethereum ecosystem and traditional finance.
Thanks to chain abstraction and account abstraction functionality, Kinto users can obtain shares directly from the Kinto network and hold the assets safely in their Kinto smart contract wallet while offering built-in 🛡 wallet insurance.
Given its user-owned KYC and enforced account abstraction, Kinto can provide much higher security guarantees than any other L2 network.
Finally, Kinto covers all the gas fees for depositing, avoiding expensive mainnet fees.
🛤 Take the Golden Road to Kinto
Kinto offers safe and intuitive access to the best digital assets in the Ethereum ecosystem, now including dShares.
Through the Mining Program Launch, Kinto gives depositors 2% of the token supply during on-chain summer.
You can participate by depositing any asset below.
https://engen.kinto.xyz/explore
We want to accelerate the transition to an on-chain financial system. A system that can match the guarantees of traditional finance, increase availability 24/7, enhance security, and decrease the friction and costs associated with conventional asset issuance.
If you share our vision for a secure, open, decentralized financial system, help us realize it.
Join us!
