Where the tokens are
Figures describe MSDL shares, not any token.
Each row is one issuer’s token for MSDL, with the chains it is deployed on. A bold chain is one where these wallets hold a balance. Tokens are not shares: no issuer in the registry publishes a shares-per-token ratio, so a balance is counted one per share and marked where that assumption is doing work.
| Token | Issuer | Chains | You hold |
|---|---|---|---|
MSDL | ARBBASE | — |
Deployments come from the instrument registry, generated 2026-09-30. A chain listed here is one the issuer has deployed on, not a promise that a market exists on it.
Morgan Stanley Direct Lending Fund is a fund whose investment objective is to achieve attractive risk-adjusted returns via current income and to a lesser extent, capital appreciation by investing predominantly in directly originated senior secured term loans issued by U.S. middle-market companies backed by private equity sponsors. It invests predominantly in directly originated senior secured term loans including first lien senior secured term loans including unitranche loans and second lien senior secured term loans, with the balance of the investments expected to be in higher-yielding assets such as mezzanine debt, unsecured debt, equity investments and other opportunistic asset purchases.
As the market data provider names it. Where that differs from the issuers’ name for the security, both are shown so the difference is visible.
Minted supply on each chain, read from the chain: it includes tokens the issuer holds unsold, so it is not what investors hold.
| Token | Chain | Supply | 24h volume | Liquidity |
|---|---|---|---|---|
| MSDL Dinari | Arbitrum | 0 | $0 | $0 |
| MSDL Dinari | Base | 2.85 | $0 | $0 |
1 token from 1 issuer track MSDL: Dinari. Between them they are deployed on 2 chains, including Arbitrum and Base. Each is a separate token, so one issuer's cannot be swapped for another's except through a market.
Search, filter and sort every tokenNo. A token is a claim that its issuer defines, priced on its own market, and it can trade away from the share price. Whether it carries voting rights, dividends or a right to redeem for the share depends on the issuer, and no issuer in the registry publishes how many shares stand behind each token.
Compare how issuers structure their tokensNone of the vaults and pools we index takes any of these tokens yet.
See every venue for MSDL tokensNone of the Hyperliquid venues we check lists a perpetual future on MSDL.
See MSDL perp marketsMSDL pays dividends on its shares. What a token holder receives is set by the issuer, not the company: Dinari, paid in USDC. These are the issuers' published terms, which can change.
Compare issuers on dividends