Most tokenized stock trading on Solana, BNB Chain occurs outside US market hours
Quick Look
- Over 70% of tokenized stock trading on BNB Chain, 63% on Solana and nearly 60% on Base happens outside regular US market hours, indicating strong demand for 24/7 trading.
- Tokenized stock values rose 15% in 30 days to $3.3 billion, driven by platforms like Jupiter, which saw a 50% monthly volume increase.
- The SEC’s new innovation exemption now allows qualifying venues to offer tokenized US equities domestically with disclosure requirements.
AI-generated summary
Why It Matters
Tokenized stocks represent traditional equities issued on blockchain networks, enabling trading outside conventional market hours. Regulatory clarity has been limited until the SEC’s recent innovation exemption.
Most trading in tokenized stocks on major blockchains now takes place outside regular US market hours, offering an early indication that around-the-clock trading could be one of the biggest advantages of putting equities onchain.
According to Blockworks data cited by The Kobeissi Letter, more than 70% of tokenized stock trading volume on BNB Chain occurs outside the traditional 9:30 am to 4 pm Eastern trading session. The figure is 63% on Solana and nearly 60% on Base.
Meanwhile, Jupiter, a major Solana-based trading platform, reported a 50% month-over-month increase in tokenized asset trading volume.
Source: The Kobeissi Letter
The figures suggest investors use tokenized stocks to trade when traditional US exchanges are closed, rather than simply replicating activity during regular market hours.
The growth comes as tokenized stock values have increased by 15% over the past 30 days to nearly $3.3 billion, according to RWA.xyz data. A significant portion of that value is concentrated among issuers such as Ondo Global Markets, xStocks and bStocks, whose tokens are issued and traded across different blockchains.
Related: Winners and losers of the SEC’s new tokenized stocks rules
Wall Street moves toward onchain stock trading
The growth in round-the-clock trading comes as US regulators begin opening the door to tokenized equities in traditional markets. Last month, the Securities and Exchange Commission (SEC) introduced an “innovation exemption” allowing qualifying venues to trade tokenized US-listed stocks on public blockchains.
SEC Commissioner Mark Uyeda said participating venues must publish transaction data in US dollars, including trade prices, sizes, timestamps and daily trading volumes. They must also disclose liquidity pool addresses and balances.
Unlike existing tokenized stock products such as xStocks and Ondo Global Markets, which are generally unavailable to US investors, the SEC exemption allows qualifying venues to offer tokenized US equities domestically, provided they preserve shareholder rights and meet trading and disclosure requirements.
What to Watch
AI outlook — possibilities, not facts
Tokenized stock trading volume will continue to grow as more venues qualify for the SEC’s innovation exemption
Likely · Within months
Traditional financial institutions will increase exploration of blockchain-based stock issuance
Possible · Within months
Open Questions
- How will traditional brokerages respond to the rise of 24/7 tokenized stock trading?
- What compliance costs will venues face under the SEC’s innovation exemption?
- Will retail investor adoption of tokenized stocks continue to grow beyond current levels?
