Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading
Tokenized stocks are drawing trading activity beyond Wall Street hours, while Bitcoin miners confront costly AI expansion and new accounting rules could benefit stablecoins.
Tokenized stocks are gaining traction beyond standard Wall Street trading hours, while Bitcoin miners grapple with high costs associated with AI expansion and potential new accounting rules could pave the way for stablecoins to be treated as cash equivalents by corporate treasuries. Tokenized equities have become a focal point, with $3.3 billion in tokenized equities currently recorded onchain, according to RWA.xyz.
A significant innovation may lie in the trading patterns observed outside regular market hours, with over 70% of tokenized stock trading volume on BNB Chain occurring after the US market closes. Similar trends are emerging on Solana and Base blockchains. This 24/7 accessibility is seen as a major advantage for equities issued onchain.
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