Instruments · Tokenized ETFs

VanEck Digital Transformation ETF (Dinari DAPP)

DAPPTokenized ETF

Yield / return

VanEck Digital Transformation ETF (DAPP) as a Dinari dShare: a tokenized ETF unit backed 1:1 by the unit held in a custodial brokerage account, sold through Dinari Securities, a FINRA-registered broker-dealer (clearing through Alpaca). Dividends are passed through in a USD stablecoin and corporate actions are mirrored; redemption is through Dinari only, and transfers are restricted to whitelisted wallets.

Target / Area

Retail (US)

Dinari Trading App or a partner app, after KYC; funded in USDC.

Who may buy is set by the issuer — check their terms.

Go to Dinari ↗Trader view →

Price, yield or minimum: check with the provider

Our source lists what DAPP is and the security it tracks (DAPP) — but states no price, yield or minimum for it. Left empty here rather than estimated.

DAPP fund figures

From the fund's own shareholder report filed with the SEC. These describe VanEck Digital Transformation ETF itself, not DAPP: the token issuer's fees and how distributions reach token holders are not included.

Expense ratio: 0.52%
Fund net assets: $275.2M
Holdings: 22
Portfolio turnover: 24%
Report period end: 2026-03-31

Average annual total return (fund, as of 2025-09-30)

	Fund
1 year	90.26%
Since inception	-7.79%

Past performance does not predict future returns.

Source: SEC EDGAR, N-CSRS filed 2026-06-05 · Source: SEC EDGAR, N-CSR filed 2025-12-08

Key facts

Liquidity: US market hours, extended and overnight sessions
Custody: Shares held in a custodial brokerage account; tokens are non-transferable for US customers.
KYC: Required
Figures verified: 2026-10-16

Details

Issuer: Dinari
Type: Tokenized ETF
Category: Tokenized ETFs
Pillar: Market Tokens
Tracks: DAPP
Jurisdiction: United States

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What kind of asset is this? All types explained →

What you actually own

Dinari dShares · Third party holds the shares

A receipt on shares held by a custodian

Dividends: Paid out to holders
Paid in a USD stablecoin on the issuer's schedule.
Voting rights: Not confirmed
Corporate actions: Mirrored
Redemption: Only through the platform
If the issuer fails: Not confirmed
Transfer: Only to approved addresses
Issuing entity: Dinari, Inc. (transfer agent) and Dinari Securities, LLC (FINRA/SIPC broker-dealer, CRD 329672)
United States

For US customers the tokens are non-transferable, held in dedicated wallets and not usable in DeFi. Dinari's homepage still says 'available in 85+ jurisdictions outside of the U.S.'; its US documentation and Form CRS are newer and describe retail brokerage access. A secondary report of a Reg D 506(c) accredited-only route contradicts Dinari's own documents, which we follow.

checked 2026-09-18 · issuer-docs · source

Who it is aimed at

Target / Area

Retail (US)

Where it trades: Dinari Trading App

Who can buy — as the issuer states it

YesUS · Accredited investors
Same route; accreditation only needed for private, unregistered securities.
checked 2026-09-18 · issuer-docs · source
YesUS · Retail investors
Dinari Trading App or partner wallets; full KYC including SSN; funded in USDC; no account minimum. — Brokerage account at a FINRA broker-dealer
checked 2026-09-18 · issuer-docs · source

Quoted from the sources linked, on the date shown. Terms change; the issuer has the final word (issuer documentation).

Questions about DAPP and Tokenized ETFs

Buying DAPP: common questions

How do I buy DAPP?

Dinari Trading App or a partner app, after KYC; funded in USDC. The issuer names these venues: Dinari Trading App.

Do I need KYC to buy DAPP?

Yes. Buying DAPP requires identity verification (KYC) at the venue.

Who can buy DAPP?

As Dinari dShares states it: US, accredited investors: yes (Same route; accreditation only needed for private, unregistered securities); US, retail investors: yes (Dinari Trading App or partner wallets; full KYC including SSN; funded in USDC; no account minimum). The issuer has the final word; check its terms before buying.