Wall Street · Tokenization · Bitcoin · U.S. · Cointelegraph
Crypto Biz: Wall Street closes at 4. Tokenized stocks keep trading
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Tokenized stocks are drawing trading activity beyond Wall Street hours, while Bitcoin miners confront costly AI expansion and new accounting rules could benefit stablecoins.
Key facts
- IREN alone faced a $21.1 billion funding gap, followed by Riot Platforms at $7.2 billion and HIVE Digital Technologies at $4.6 billion
- CEO Matt Cole said investors exercised $208 million in warrants, with about $15.3 million still outstanding ahead of Tuesday’s expiration
- IREN secured $3.65 billion in financing in June at a blended interest rate of 6%, followed by another $2.4 billion in August at a fixed 9% rate
- In a Tuesday filing with the SEC, Strive disclosed that it purchased 3,311 BTC during the week ending Oct. 9 at an average price of roughly $84,500 per coin
Summary
Tokenization is beginning to reshape traditional financial markets, with stocks increasingly in focus. According to the latest industry data, more than 70% of tokenized stock trading volume on BNB Chain now occurs outside regular US market hours, with similar patterns emerging on Solana and Base. Tokenized equities allow investors to trade US stocks across time zones without waiting for Wall Street’s opening bell, potentially changing how liquidity is distributed throughout the day. However, many platforms driving this activity remain off-limits to American investors, even as US regulators begin to make room for tokenized stock trading.