Most tokenized stock trading on major blockchains now takes place outside regular US market hours, with over 70% of volume on BNB Chain, 63% on Solana, and nearly 60% on Base occurring after the 9:30 am‑4 pm Eastern session. Jupiter, a Solana‑based trading platform, reported a 50% month‑over‑month increase in tokenized asset volume, while the total market value of tokenized stocks rose 15% in the past 30 days to roughly $3.3 billion. The shift coincides with the SEC’s recent “innovation exemption,” which permits qualified venues to trade tokenized US‑listed equities on public blockchains, provided they disclose transaction data in USD.
The data suggests investors are leveraging on‑chain equities to access round‑the‑clock markets, potentially channeling additional capital into blockchain ecosystems such as Solana. This could enhance liquidity for issuers like Ondo Global Markets, xStocks, and bStocks, and support platforms like Jupiter, while modestly improving sentiment toward tokenized equity products. However, the impact on broader crypto prices remains limited, as the development is more regulatory and market‑structure oriented than price‑driving.