- Over 70% of tokenized stock trading on BNB Chain now occurs outside regular US market hours, with similar patterns on Solana and Base.
- The value of tokenized stocks onchain has climbed to nearly $3.3 billion, with Jupiter reporting a 50% month-over-month increase in trading volume.
- Strive purchased 3,311 Bitcoin at an average price of $84,500, using $208 million in warrant proceeds to become the fifth-largest publicly traded corporate Bitcoin holder.
Tokenization is beginning to reshape traditional financial markets by enabling around-the-clock trading of US stocks, with new data showing more than 70% of tokenized stock trading volume on BNB Chain now occurring outside regular US market hours according to The Kobeissi Letter. The figure stands at 63% on Solana and nearly 60% on Base, suggesting that 24/7 access is becoming a major selling point for equities issued onchain.
However, many platforms driving this activity remain off-limits to American investors, even as the SEC’s innovation exemption opens the door for qualifying platforms to trade tokenized US-listed stocks on public blockchains. Meanwhile, Jupiter reported a 50% month-over-month increase in tokenized asset trading volume, while RWA.xyz data showed the value of tokenized stocks climbing 15% over the past 30 days to nearly $3.3 billion.
Bitcoin treasury company Strive increased its holdings by more than 11% last week, using proceeds from warrant exercises to expand its reserves while increasing Bitcoin exposure per share. CEO Matt Cole said investors exercised $208 million in warrants, with about $15.3 million still outstanding ahead of Tuesday’s expiration, as the company purchased 3,311 BTC at an average price of roughly $84,500 per coin.
Bitcoin mining companies expanding into Artificial Intelligence face a widening gap in borrowing costs, as lenders examine the risks of large-scale data center projects. According to BlocksBridge Consulting, miners need billions of dollars to build facilities and secure power infrastructure, with IREN securing $3.65 billion in financing at a blended rate of 6% followed by another $2.4 billion at a fixed 9% rate.
A proposed change to US accounting standards could make stablecoins more attractive to corporate treasuries by allowing qualifying tokens to be treated as cash equivalents on company balance sheets. The Financial Accounting Standards Board proposal is open for public comment until Nov. 19, though companies would need direct redemption rights with stablecoin issuers to qualify.
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