Most tokenized stock trading on Solana, BNB Chain occurs outside US market hours — SkimNews
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- BNB Chain saw more than 70% of tokenized stock trading volume occur outside the 9:30am–4pm Eastern session, per Blockworks data cited by The Kobeissi Letter.
- Solana recorded 63% of tokenized stock trading outside US hours, with Base at nearly 60%.
- Jupiter, a major Solana-based trading platform, reported a 50% month-over-month increase in tokenized asset trading volume.
- RWA.xyz data shows total tokenized stock values grew 15% over 30 days to nearly $3.3 billion, concentrated among issuers including Ondo Global Markets, xStocks, and bStocks.
- The 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, disclose liquidity pool addresses and balances, and preserve shareholder rights.
- Existing tokenized stock products from xStocks and Ondo Global Markets are generally unavailable to US investors; the SEC exemption allows qualifying US venues to offer tokenized US equities domestically.
Why it matters: With 63–70% of tokenized equity volume already migrating outside US hours, the data validates genuine 24/7 demand rather than mere daytime replication. The SEC's innovation exemption now opens a domestic path for issuers like Ondo Global Markets and xStocks — previously shut out of US customers — which could ultimately pull trading volume back toward US session hours while expanding the $3.3B market.
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