NYSE's 24/7 plan could fix key problem for stock tokens, Ondo's de Bode says

Core Insights - Tokenized stocks are rapidly gaining traction, with Ondo Finance's president Ian de Bode highlighting their practicality and scalability in the crypto space [1] Group 1: Market Performance - Ondo's tokenized equity platform, Ondo Global Markets, has achieved over $500 million in total value locked and recorded over $7 billion in trading volume since its launch in September 2025, making it the largest provider in the market [2] - The overall market for stock tokens is approaching $1 billion, having grown by 27% in the past month [2] Group 2: Company Strategy - Ondo initially focused on tokenized U.S. Treasuries and is now the leading issuer with over $2 billion in assets, concentrating on stocks and ETFs that offer strong price discovery and deep liquidity [3] - The company issues tokenized notes backed by stocks held via clearing brokers, allowing for free movement across wallets similar to stablecoins, with KYC required only at the minting stage [4] Group 3: Trading Mechanism - A significant advantage of Ondo's platform is the instant minting and burning of tokenized equities, enabling large investors to trade substantial amounts without premiums or slippage [5] - The platform has attracted users from regions such as Africa, Southeast Asia, and Latin America, as well as crypto-native investors looking to switch between cryptocurrencies and stocks seamlessly [6] Group 4: Market Challenges - Liquidity tends to decrease on weekends due to the operational hours mismatch between crypto markets (24/7) and traditional finance (Monday to Friday), complicating hedging for market makers [6] - The situation may improve if major exchanges like NYSE and Nasdaq implement 24/7 tokenized stock trading, aligning the operational hours of traditional and decentralized finance [7]