Ondo Finance: "NYSE’s push for 24-hour trading would solve liquidity issues"

Uk Jin

Summary

Ian De Bode, chairman of Ondo Finance, said that if the New York Stock Exchange (NYSE) and Nasdaq introduce 24-hour trading for tokenized equities, the liquidity problem in on-chain stock trading could be largely alleviated.
De Bode said tokenization is carried out to improve accessibility or enhance the use of assets as collateral, and that stocks are easy for global investors to understand with clear price discovery.
He added that if NYSE and Nasdaq allow 24-hour trading of tokenized equities, traditional finance and decentralized finance (DeFi) will share the same clock, creating an opportunity to remove the biggest bottleneck to growth in the tokenized equities market.

A view has emerged that if the New York Stock Exchange (NYSE) and Nasdaq move to introduce 24-hour trading for tokenized equities, the liquidity problem long seen as the biggest weakness of on-chain stock trading could be largely alleviated.

According to CoinDesk, a cryptocurrency-focused outlet, on the 31st (Korea time) Ian De Bode, chairman of Ondo Finance, said in an interview, "If traditional financial markets shift to a 24-hour system, it would be a masterstroke for the tokenized equities market," adding, "In particular, it can fundamentally address the liquidity gap that occurs every weekend."

He also expressed a positive view on the tokenization of stocks. De Bode said, "Tokenization is done to improve accessibility or enhance the utility of collateral," explaining, "Stocks are the most suitable target because price discovery is clear and they are assets that global investors can easily understand." He added, "If NYSE and Nasdaq allow 24-hour trading of tokenized equities, traditional finance and decentralized finance (DeFi) will share the same clock," and "This would be an opportunity to remove the biggest bottleneck to growth in the tokenized equities market."

ONDO