TOKENIZED STOCKS TRADED $1 BILLION WHILE THE STOCK MARKET WAS SHUT

Summary from the TLDR Crypto newsletter

Tokenized equity tokens generated $1.01 billion in trading volume over Labor Day weekend while US stock markets were closed, nearly matching Friday's $1.02 billion in open-market activity across the 42 largest tokenized stock instruments. Robinhood Chain captured 57% of weekend flow at $572.8 million, followed by Binance's bStocks ($303.5M) and Backed Finance's xStocks ($87.1M), with a Nasdaq-100 tracker on BNB Chain ($180.5M) and SPY tokens ($125.5M) leading by instrument. Decentralized exchanges handled the majority of volume across most instruments, with centralized venues taking only roughly 8% of QQQB trades, and prices tracked Friday's close at minimal premiums throughout the closure. The volume parity across open and closed market sessions signals that on-chain equity markets can sustain institutional-scale liquidity independent of traditional exchange schedules.