Cointelegraph· Cointelegraph by Sam Bourgi·· 18d ago
Most tokenized stock trading on Solana and BNB Chain occurs outside US market hours
Original source: CointelegraphRead original
AI brief
More than 70% of tokenized stock trading volume on BNB Chain occurs outside the traditional 9:30 am to 4 pm Eastern trading session, while 63% on Solana and nearly 60% on Base, according to Blockworks data. Jupiter, a Solana-based platform, reported a 50% month-over-month increase in tokenized asset trading volume, with tokenized stock values reaching nearly $3.3 billion over the past 30 days. This growth coincides with the SEC introducing an 'innovation exemption' allowing qualifying venues to trade tokenized US-listed stocks on public blockchains, provided they meet specific disclosure requirements, as stated by SEC Commissioner Mark Uyeda.
Source: Cointelegraph · cointelegraph.com