IMF: Tokenized Stocks Draw Overnight Traders but Face High Volatility

More than half of tokenized US stock trading takes place outside regular exchange hours, according to new research from the International Monetary Fund, highlighting growing demand for continuous access to equity markets. The findings suggest that investors are using tokenized products for more than cryptocurrency -style speculation. They are accessing US equity exposure when regular exchanges are closed and trading in smaller amounts than a full share. Yet the development of an overnight market has not been matched by equivalent trading depth or investor protections.