Tokenized Stock Trading Hits $9 Billion as Demand for 24/7 Markets Surges

On-chain tokenized equity trading has reportedly reached a record $9 billion in 2026, highlighting rapidly growing demand for access to US stocks beyond conventional market hours.

Trading volume has climbed 207% quarter over quarter and more than 800% year to date, according to market data shared by The Kobeissi Letter. Demand has been particularly strong for high-momentum equities, including memory and data-storage companies.

The expansion comes as Robinhood CEO Vlad Tenev predicts the beginning of a “tokenization supercycle,” while traditional exchanges move toward longer sessions to serve international and overnight investors.

Jupiter Drives Tokenized-Equity Growth on Solana

Jupiter, Solana’s largest on-chain trading aggregator, has emerged as a major access point for tokenized stocks. Its routed tokenized equity volume reportedly grew 95% quarter over quarter.

Jupiter allows users to trade blockchain tokens representing stocks, such as Tesla, and exchange-traded funds, such as the SPDR S&P 500 ETF Trust. It does not issue or guarantee the assets; instead, it routes orders across available liquidity sources.

The platform said that approximately 55% of its tokenized-equity activity occurs outside regular US trading hours, illustrating how international investors and crypto-native traders use blockchain markets when conventional exchanges are closed.

Most tokenized stocks available through Jupiter can trade continuously, although some products follow a 24-hour, five-day schedule.

Liquidity may also decline outside US market hours, potentially producing wider spreads and greater price impact.

Robinhood Predicts a Tokenization Supercycle

Tenev argues that tokenization is about more than placing traditional securities on a blockchain. In his view, it could rebuild the infrastructure beneath asset ownership, making investments portable, programmable, and capable of settling almost instantly.

Robinhood has been expanding its tokenized-stock products internationally through Robinhood Chain, an Ethereum-compatible Layer 2.

Its offering gives eligible users economic exposure to US equities, including dividend adjustments, but generally does not make token holders shareholders of record.

That distinction remains important. Many tokenized stocks represent contractual exposure to underlying shares rather than direct ownership, potentially leaving investors without voting rights or the same protections available through regulated brokerage accounts.

Nasdaq Moves Toward a 23-Hour Trading Day

Traditional markets are responding to the same demand for longer access. Nasdaq plans to introduce a new overnight session running from 9 PM to 4 AM Eastern Time.

Combined with existing sessions, the change would allow trading for 23 hours per day, five days per week, with a one-hour daily pause. Nasdaq expects the expanded schedule to begin on Dec. 6, subject to regulatory approval and infrastructure readiness.

Tokenized markets would retain one important advantage: weekend trading.

However, their risks, including issuer solvency, custody arrangements, tracking errors, smart-contract vulnerabilities, and uncertain regulation, mean that round-the-clock access does not automatically provide stronger investor protection.