More Than 70% of BNB Chain Tokenized Stock Trading Occurs Outside US Market Hours
Summary
- More than 70% of tokenized stock trading volume on BNB Chain took place outside regular market hours, while the share also topped half on Solana and Base.
- The total value of tokenized stocks rose 15% over the past 30 days to about $3.3 billion, while tokenized asset trading volume increased 50% from the previous month.
- The US SEC allowed tokenized trading of US-listed stocks on public blockchains through its innovation exemption provision, though some services still restrict access for US investors.
Forecast Trend Report by Period
Trading in tokenized stocks is increasingly taking place outside regular US market hours. On BNB Chain, more than 70% of total trading volume occurred outside the regular session, while the share also exceeded half on Solana and Base.
Cointelegraph reported on Oct. 16, citing The Kobeissi Letter and Blockworks data, that 63% of tokenized stock trading on Solana took place outside regular market hours. The figure for Base was about 60%. Regular US stock market hours run from 9:30 a.m. to 4 p.m. Eastern time.
The market is also expanding. According to RWA.xyz, an on-chain real-world asset data platform, the total value of tokenized stocks rose 15% over the past 30 days to about $3.3 billion. Decentralized exchange Jupiter said trading volume in tokenized assets increased 50% from the previous month.
Moves to allow such trading within the regulated financial system are also continuing. The US Securities and Exchange Commission recently allowed platforms that meet certain requirements to offer tokenized trading of US-listed stocks on public blockchains through its innovation exemption provision.
Investor access still varies by service. Existing tokenized stock services such as xStocks and Ondo Global Markets are still not available to US investors.
YM Lee
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