Blockworks figures cited by Cointelegraph show most tokenized stock volume on BNB Chain, Solana and Base falls outside US exchange hours. An IMF finding reported by The Defiant points the same way, while warning that deep, liquid markets are still hard to build.
Most tokenized stock volume lands when Wall Street is shut
Cointelegraph reported that Blockworks data, cited by The Kobeissi Letter, shows over 70% of tokenized stock volume on BNB Chain is traded outside the 9:30 am to 4 pm Eastern session. The share is 63% on Solana and nearly 60% on Base. Jupiter, a large trading venue on Solana, said its tokenized asset volume grew 50% from the previous month.
The Defiant published a headline saying the IMF found that the bulk of tokenized equity trading takes place outside normal trading hours. Its summary adds that the fund sees genuine demand for round-the-clock access, while creating markets that are deep, liquid and resilient is still difficult.
The key figures, chain by chain
Cointelegraph reads the numbers as a sign that investors turn to tokenized stocks while traditional exchanges are shut, instead of mirroring daytime activity. That is the outlet's interpretation. The percentages describe each chain's share of its own volume, not the absolute size of overnight flows.
- BNB Chain: more than 70% of tokenized stock volume outside US market hours.
- Solana: 63% outside US market hours.
- Base: nearly 60% outside US market hours.
- Jupiter: tokenized asset trading volume up 50% month over month.
- Tokenized stock value: nearly $3.3 billion, up 15% over 30 days, according to RWA.xyz.
Why continuous access is the selling point
Traditional US exchanges trade in a fixed window, so news that lands in the evening or at a weekend cannot be traded in the underlying shares until the next session. Tokens on public blockchains settle on networks that do not close, which lets holders act at any hour. The off-hours shares above suggest that this is the feature people are actually using.
According to Cointelegraph, a significant portion of the roughly $3.3 billion in value sits with issuers such as Ondo Global Markets, xStocks and bStocks. Their tokens are issued and traded across several blockchains, which helps explain why the same pattern shows up on more than one network.
The SEC exemption could widen who can trade these tokens
Cointelegraph said the Securities and Exchange Commission introduced an “innovation exemption” last month. It lets qualifying venues trade tokenized US-listed stocks on public blockchains. Commissioner Mark Uyeda said such venues must report trade prices, sizes, timestamps and daily volumes in US dollars, and must also reveal liquidity pool addresses and balances.
The outlet contrasted this with current offerings like xStocks and Ondo Global Markets, which US investors generally cannot access. Under the exemption, venues could serve US customers directly, provided they preserve shareholder rights and meet the trading and disclosure requirements.
How the two accounts fit together
Cointelegraph supplies the chain-level percentages, the RWA.xyz value and the regulatory detail. The Defiant, in the portion available here, supplies only the IMF's conclusion and its caution about market depth.
The two accounts agree on direction: most activity occurs outside regular trading hours. Because The Defiant's report is known only by its headline and summary, it is not clear which dataset the IMF used, which chains or issuers it covered, or whether its figures match Blockworks.
Scale, and what to watch next
For scale, DefiLlama puts DeFi deposits on BSC at $5.41 billion and on Solana at $6.06 billion. Those figures measure a different activity from tokenized stock trading, so they do not show how large the equity segment is on either chain.
Several questions remain open. One is whether the off-hours share holds once US-regulated venues begin offering these tokens in their own trading sessions. Another is whether liquidity deepens enough to answer the IMF's concern about resilience. A third is how closely venues follow the pool and pricing disclosures Uyeda described. Readers following new tokens on either network can check new Solana listings and new BSC listings on Coinvote.
Market snapshot
| Asset | Price | 24h | 7d | Market cap |
|---|---|---|---|---|
| BNB (BNB) | $741 | -0.5% | -3.6% | $98.71 billion |
CoinGecko data as of 2026-10-14 (UTC); DeFi TVL from DefiLlama: BSC $5.41 billion, Solana $6.06 billion.
On Coinvote
- New Solana Tokens Listed Today: 3,652 projects tracked, 11 new listings in 7 days, 532 community votes today.
- Best Solana Meme Coins Today: 2,387 projects tracked, 4 new listings in 7 days, 154 community votes today.
- New BSC Tokens Listed Today: 25,846 projects tracked, 4 new listings in 7 days, 115 community votes today.
- Best BSC Meme Coins Today: 590 projects tracked, 0 new listings in 7 days, 7 community votes today.
FAQ
How much tokenized stock trading happens outside US market hours?
According to Blockworks data cited by The Kobeissi Letter and reported by Cointelegraph, more than 70% of volume on BNB Chain falls outside the 9:30 am to 4 pm Eastern session. The share is 63% on Solana and nearly 60% on Base.
How big is the tokenized stock market?
RWA.xyz data cited by Cointelegraph put tokenized equities at nearly $3.3 billion, up 15% over 30 days. A large part of that value is held in tokens from issuers such as Ondo Global Markets, xStocks and bStocks.
What does the SEC innovation exemption allow?
Cointelegraph said it lets qualifying venues trade tokenized US-listed stocks on public blockchains. Venues must publish dollar-denominated transaction data, disclose liquidity pool addresses and balances, and preserve shareholder rights.
Sources
- Cointelegraph: Most tokenized stock trading on Solana, BNB Chain occurs outside US market hours (2026-10-13)
- The Defiant: IMF Finds Most Tokenized Equity Trading Happens Outside Regular Hours (2026-10-12)
- CoinGecko (market data), DefiLlama (TVL), Coinvote listing and vote data
Written by the Coinvote news desk from reporting by Cointelegraph and The Defiant. Not financial advice.
