đ Tokenized stocks trading 24/7 sounds like the future.
But this weekend showed me something important: 24/7 trading doesnât automatically mean 24/7 price discovery.
Coinbaseâs B20 tokens stayed within roughly 0.6% of Fridayâs equity reference prices over the weekend. At first glance, that looks like impressive stability.
But the underlying market was closed, reference feeds were effectively frozen, and liquidity was thin.
So what exactly was the market discovering? đ€
A token can trade around the clock, but if the underlying asset has no live price and participation is limited, the price may simply be anchored to the last known value.
The bigger test will come when real volatility hits outside traditional market hours.
And with the Aave collateral layer still pending, the full liquidity ecosystem isnât even live yet.
Tokenized equities are interestingâbut I think we should separate 24/7 access from genuine 24/7 price discovery. đ
#Crypto #Tokenization #Coinbase #RWA #markets
But this weekend showed me something important: 24/7 trading doesnât automatically mean 24/7 price discovery.
Coinbaseâs B20 tokens stayed within roughly 0.6% of Fridayâs equity reference prices over the weekend. At first glance, that looks like impressive stability.
But the underlying market was closed, reference feeds were effectively frozen, and liquidity was thin.
So what exactly was the market discovering? đ€
A token can trade around the clock, but if the underlying asset has no live price and participation is limited, the price may simply be anchored to the last known value.
The bigger test will come when real volatility hits outside traditional market hours.
And with the Aave collateral layer still pending, the full liquidity ecosystem isnât even live yet.
Tokenized equities are interestingâbut I think we should separate 24/7 access from genuine 24/7 price discovery. đ
#Crypto #Tokenization #Coinbase #RWA #markets
