Tokenized stocks offer 24/7 price signals as Nasdaq plans longer hours

Bitfinex has argued for 24/7 stock markets, citing IMF research that found 87–99% of overnight tokenized equity moves appeared in conventional securities within five minutes of the opening bell. Summary IMF research found 87–99% of overnight tokenized equity moves appeared in conventional securities shortly after opening. Nasdaq targets Dec. 6 for 23-hour weekday trading, retaining daily pauses and weekend closures. TD Cowen expects limited U.S. demand as tokenized stocks compete with efficient conventional markets. Morgan Stanley pushed its expected tokenized equity rollout to Q1 2027 as preparations continue. Bitfinex said in an Oct. 23 article that tokenized equities already offer continuous trading while Wall Street prepares for nearly 23-hour weekday sessions. The exchange presented the research as evidence that blockchain-based markets can provide price signals when conventional venues are closed, while acknowledging uncertainty over whether token trading drives those prices. Nasdaq’s published timetable targets Dec. 6 for its new overnight session, with implementation dependent on market data infrastructure readiness and applicable SEC rule changes. Its proposed schedule ret...