Can I buy tokenized stocks like AAPLx or TSLAx if I live in the United States?
Dinari dShares states that US investors can buy, at least some investor classes (see the conditions below). Backed / xStocks, Ondo Global Markets, Robinhood Stock Tokens, Coinbase Tokenized Stocks state that their tokens are not offered to US investors. The issuer has the final word; check its terms.
Most tokenized-stock programmes are built for investors outside the US and say so. This page lists what each issuer states about US investors, in its own terms. TokenBank does not decide who may buy; the issuer does.
Figures from our live dataset · page generated 2026-10-11 · not investment advice
Who can buy — as each issuer states it
| Programme | Region | Investors | Status | Condition · source |
|---|---|---|---|---|
| Backed / xStocks | US | Accredited | No | Not accessible to US persons, whatever the investor class. source · 2026-09-18 |
| Backed / xStocks | US | Retail | No | Not accessible in the US or to US persons. source · 2026-09-18 |
| Dinari dShares | US | Accredited | Yes | Same route; accreditation only needed for private, unregistered securities. source · 2026-09-18 |
| Dinari dShares | US | Retail | Yes | Dinari Trading App or partner wallets; full KYC including SSN; funded in USDC; no account minimum. source · 2026-09-18 |
| Ondo Global Markets | US | Accredited | No | Same restriction; accreditation does not open the offshore programme. source · 2026-09-18 |
| Ondo Global Markets | US | Retail | No | Offshore programme for non-US persons only. A US product via Oasis Pro Markets is authorised but not live. source · 2026-09-18 |
| Robinhood Stock Tokens | US | Accredited | No | Same exclusion for all US persons. source · 2026-09-18 |
| Robinhood Stock Tokens | US | Retail | No | "May not be offered, sold or delivered … to U.S. Persons (as defined in Regulation S)." source · 2026-09-18 |
| Coinbase Tokenized Stocks | US | Retail | No | "Offered under Regulation S; only available in eligible jurisdictions outside of the US." source · 2026-09-18 |
Quoted from the issuers’ own documents on the date shown. Terms change; the issuer has the final word.
How to choose
For US investors the realistic options are the programmes that say they serve US persons, listed above, and the venues the SEC’s Innovation Exemption opens up. Offshore programmes that exclude US persons enforce it at onboarding and in their terms, so buying one through a workaround can leave you holding a token whose issuer does not recognise you as a holder.
More questions
How many tokens does each programme offer?
Backed / xStocks: 750; Dinari dShares: 721; Ondo Global Markets: 442; Robinhood Stock Tokens: 77; Coinbase Tokenized Stocks: 4.
What do I actually own?
Backed / xStocks: a certificate that tracks the price, issued by Backed Assets (JE) Limited. Dinari dShares: a receipt on shares held by a custodian, issued by Dinari, Inc. (transfer agent) and Dinari Securities, LLC (FINRA/SIPC broker-dealer, CRD 329672). Ondo Global Markets: a receipt on shares held by a custodian, issued by Ondo Global Markets (BVI) — a separate entity from Ondo Finance. Robinhood Stock Tokens: a certificate that tracks the price. Coinbase Tokenized Stocks: a receipt on shares held by a custodian, issued by Coinbase.
Do I get voting rights?
Backed / xStocks: no; Robinhood Stock Tokens: no. The others do not say.
Where are they sold?
As the issuers name them — Backed / xStocks: Kraken, Bybit, Solana DEXs; Dinari dShares: Dinari Trading App.
Can I redeem them for the real shares?
Backed / xStocks: Backed describes redemption for onboarded, KYC-verified investors; we have not verified the terms for retail holders. Dinari dShares: platform-only. Ondo Global Markets: Onboarded investors mint and redeem with the issuer; US market hours, a subset tradable off-hours.