OVER HALF OF TOKENIZED STOCK TRADING HAPPENS OUTSIDE US MARKET HOURS

Summary from the TLDR Crypto newsletter

The IMF's Global Financial Stability Report found that more than half of tokenized equity trading occurs outside US market hours, with 80% of transactions in the five most liquid tokenized US stocks (Tesla, Nvidia, and Google among them) sized below one share. These tokens carry roughly 1.5x the volatility of their traditional counterparts while showing considerably lower liquidity, raising structural questions about price formation and investor protection. The tokenized equity segment totals $2.3 billion within a broader $65 billion tokenized real-world asset market, and the IMF data positions the segment as a retail-driven, offshore-hours venue rather than a functional extension of regulated equity markets.