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IMF Finds Tokenized Stocks Outside U.S. Market Hours
The International Monetary Fund (IMF) has released a report indicating that more than half of tokenized stock trading occurs outside of regular U.S. market hours. The roughly $2.3 billion market remains more volatile and less liquid than traditional equities. The IMF analyzed five most liquid tokenized U.S. equities, including tokens tracking Tesla, Nvidia, and the S&P 500, across 11 trading venues over 365 days. The findings suggest that on-chain prices carry real information, but also highlight the market's volatility and liquidity issues, particularly on decentralized exchanges. The IMF urges regulators to consider circuit breakers for 24/7 trading and to closely monitor links to traditional markets. The report comes as U.S. heavyweights like the NYSE and ICE are entering the tokenization space, with plans to reach crypto investors through blockchain platforms and to offer 24/7 tokenized stock trading under the SEC's new innovation exemption.