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Crypto5 Nov, 18:30 UTCGlobal

Tokenized stock trading hits $1.11 billion as new Solana platforms launch

JTX and Solana Labs launched new ways to trade tokenized stocks on Solana. Trading volume in these stocks reached $1.11 billion during a tech stock decline.

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Crypto · 5 Nov, 18:30 UTC

JTX has launched a product called Equities. It covers 1,650 tokenized stocks on Solana, a blockchain network. Tokenized stocks are digital tokens that track the price of company shares. Trades run through an RFQ system, short for request for quote, in which a trader asks for a price before buying or selling.

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Solana Labs also launched Leap, a mobile app. It lets users trade tokenized stocks, exchange-traded funds and crypto in one place. An exchange-traded fund, or ETF, is a basket of assets that trades like a single share.

In numbers

$1.11 billionTokenized stock trading volume
1,650Tokenized stocks on JTX

Solana, the past month

$89.50down −25.91%

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Trading volume in tokenized stocks reached $1.11 billion while tech stocks fell sharply. The jump shows growing interest in blockchain-based markets. It could change how people trade equities over time.

The rest of the story

One of the topics in the coverage is how tokenized stocks are priced after regular market hours. Because the tokens can trade at any time, their prices may be set differently when traditional stock exchanges are closed.

Background

Tokenized stocks are blockchain tokens that follow the price of listed company shares.

MoneyVision newsroom · Published 5 Nov, 18:30 UTC

This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them. How we work · Report a mistake
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