Wall Street Never Sleeps Anymore: 60% of Tokenized Stock Trading Happens After the Bell

Wall Street’s closing bell is becoming less relevant to a growing corner of equity trading. Around 60% of trading volume in tokenized stock products now occurs outside regular market hours, according to figures highlighted by The Kobeissi Letter.

The market commentary service reported more than 360 on-chain tokenized equity products, up 200% year-to-date, with 10 exceeding $100 million in tokenized supply.

It also cited a 215% quarter-over-quarter increase in Jupiter’s tokenized equity trade count.

Together, the figures suggest that access beyond the traditional trading day is becoming a central selling point for blockchain-based equity exposure.

Investors Are Trading Beyond the Closing Bell

Regular US stock trading runs from 9:30 a.m. to 4 p.m. Eastern on trading days. Tokenized products can extend access into evenings and weekends, although availability depends on the platform, instrument and investor’s jurisdiction.

The roughly 60% figure describes activity outside that standard session. It should not be interpreted as trading occurring exclusively after 4 p.m.: the category can also include overnight activity, mornings before the opening bell and weekends.

Nor does it establish that trading is more intense outside regular hours. Those periods occupy a much larger portion of the week. The figure shows that substantial activity occurs when the underlying exchanges’ main sessions are closed.

Platforms are explicitly building around that demand. OKX’s European documentation states that supported tokenized stocks can be traded around the clock, including weekends. Its example describes a token responding to company news on Saturday while the underlying US share remains closed.

For international investors, the appeal is straightforward: equity-linked exposure can become available without waiting for New York’s next opening.

Jupiter’s Growth Reflects a Broader Infrastructure Push

The 215% jump in Jupiter’s trade count points to expanding transaction activity, but it measures something different from dollar volume or invested capital. More trades can reflect broader participation, smaller transactions or more frequent portfolio adjustments.

Similarly, a 200% increase in the number of products means the range of instruments has tripled. It does not mean the sector’s market value or underlying shareholder ownership has increased at the same rate.

Jupiter’s role also extends beyond providing an interface for existing tokens. In May, Securitize announced a tokenized-equities collaboration combining its regulated infrastructure with Jump Trading’s liquidity and Jupiter’s distribution.

The companies described a system operating on Solana, with Securitize supplying broker-dealer, alternative trading system, and transfer-agent infrastructure. Investor onboarding uses identity checks and approved wallets, while Jupiter provides the user-facing access point.

The arrangement illustrates how blockchain distribution and conventional securities infrastructure are being combined. Access through a crypto interface does not necessarily remove regulatory requirements or investor eligibility restrictions.

Longer Trading Hours Bring Different Risks

Tokenized equity is a broad label, and the rights attached to individual products vary considerably.

Some structures represent legally recognized equity ownership. Others provide economic exposure to a stock’s performance without making the token holder a shareholder.

OKX, for example, states that its Unified Tokenized Stocks provide price exposure without direct ownership or voting rights. That distinction matters when assessing dividends, corporate actions, and investor protections.

Continuous availability also does not guarantee continuous liquidity. OKX warns that spreads can widen and liquidity can weaken outside underlying market hours. Token prices may diverge from the stock’s latest exchange-traded price.

The growth figures therefore capture an expanding market for equity exposure on different terms and schedules.

With most reported activity occurring outside regular sessions, the strongest early use case appears to be giving investors another window to trade, provided they understand exactly what they hold.