Tokenized equity firm Dinari on Thursday launched dShares on Hyperliquid, with SpaceX ($SPCXD) becoming the first tokenized U.S. equity available for spot trading on HyperCore.
Hyperliquid users previously had equity-style exposure largely through perpetuals and other synthetic instruments. Dinari said the launch adds direct spot access to a fully backed tokenized equity product, giving traders 24/7 onchain access to SpaceX through its global distribution partners.
“Bringing SpaceX to HyperCore connects one of the world’s most desirable assets to one of the deepest pools of onchain liquidity, creating new opportunities for access, price discovery, and capital formation,” said Gabe Otte, Co-Founder and CEO of Dinari.
Unlike synthetic products, Dinari said dShares are designed to preserve the economic rights of the underlying security, including dividends and corporate actions. When dShares move outside a KYC-enabled environment, certain ownership rights are automatically withheld. Those rights are restored when the tokens return to a KYC-enabled wallet.
The launch came as SpaceX moved toward its expected Nasdaq debut under ticker SPCX, with Fidelity’s IPO guide indicating pricing was expected the night of June 11.
