IMF: Over Half of Tokenized US Stock Trades Happen Off Hours
The IMF's October 2026 GFSR (Chapter 3) finds tokenized US equities are still only about $2.3B, but more than 50% of trading happens outside regular US market hours and about 80% of trades are below one share. Public tokenized RWAs sit near $65B (ex-repos). Tokenized equities run about 1.5x more volatile than traditional shares, yet overnight onchain moves largely show up in the underlying within five minutes of the open.
Is 24/7 stock trading the real product-market fit?
The IMF's October 2026 GFSR (Chapter 3) finds tokenized US equities are still only about $2.3B, but more than 50% of trading happens outside regular US market hours and about 80% of trades are below one share. Public tokenized RWAs sit near $65B (ex-repos). Tokenized equities run about 1.5x more volatile than traditional shares, yet overnight onchain moves largely show up in the underlying within five minutes of the open.
Is 24/7 stock trading the real product-market fit?