Trading of tokenized equities on Solana and BNB Chain dominated by after-hours activity
The tokenized stock market has surged to approximately $3.3 billion as traders take advantage of continuous trading opportunities that extend beyond traditional Wall Street operating hours.
The majority of activity in tokenized equity trading on leading blockchain networks is now happening beyond the standard US stock market operating hours, providing an early signal that continuous 24/7 trading access might represent one of the most significant benefits of bringing traditional equities onto blockchain infrastructure.
Based on Blockworks data referenced by The Kobeissi Letter, over 70% of the trading volume for tokenized equities on BNB Chain takes place outside the conventional 9:30 am to 4 pm Eastern time trading window. On Solana, this percentage stands at 63%, while Base sees close to 60% of its tokenized stock activity occurring beyond standard hours.
At the same time, Jupiter, one of the leading trading platforms built on Solana, has documented a 50% month-over-month surge in the trading volume of tokenized assets.
These statistics indicate that traders are utilizing tokenized equities to execute transactions during periods when conventional US stock exchanges remain closed, as opposed to merely duplicating their trading behavior during standard market hours.
This expansion occurs as the total value of tokenized stocks has grown by 15% during the last 30 days, reaching close to $3.3 billion, per RWA.xyz data. A substantial share of this valuation is held by issuers including Ondo Global Markets, xStocks and bStocks, which distribute and facilitate trading of their tokens across various blockchain platforms.
Wall Street moves toward onchain stock trading
The expansion in continuous trading activity arrives as regulatory authorities in the United States start creating pathways for tokenized equities within conventional financial markets. In the previous month, the Securities and Exchange Commission (SEC) unveiled an "innovation exemption" that permits approved platforms to facilitate trading of tokenized US-listed equities on public blockchain networks.
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.
In contrast to current tokenized stock offerings like xStocks and Ondo Global Markets, which are typically not accessible to US investors, the SEC exemption enables approved platforms to provide tokenized US equities within the domestic market, as long as they maintain shareholder rights and satisfy trading and disclosure requirements.