Most tokenized stock trading on Solana, BNB Chain occurs outside US market hours

Tokenized equities have amassed a market value of nearly $3.3 billion as investors embrace 24/7 access outside Wall Street hours. Most trading on major blockchains now occurs during non-US market hours, signaling the potential of around-the-clock trading as a major benefit of equities onchain. Over 70% of tokenized stock trading volume on BNB Chain happens outside standard 9:30 am to 4 pm EST hours, followed by 63% on Solana and nearly 60% on Base.

Jupiter, a prominent Solana-based trading platform, saw a 50% month-over-month surge in tokenized asset trading. These figures indicate that investors prefer tokenized stocks to trade when US exchanges are shut down, rather than merely replicating pre-market/post-market activity. Tokenized stock values have risen 15% in the last 30 days to reach almost $3.3 billion, according to RWA.xyz data.

A large share of this value is held by issuers like Ondo Global Markets, xStocks, and bStocks, whose tokens are issued and traded on multiple blockchains. The SEC's recent "innovation exemption" permits qualifying venues to trade tokenized US-listed stocks on public blockchains, provided they disclose transaction data in USD and meet trading and disclosure standards.

Unlike current offerings like xStocks and Ondo Global Markets, which are inaccessible to US investors, this exemption allows participating venues to provide tokenized US equities domestically.