Tokenized Stocks Trade Beyond Wall Street Hours

On Oct 16, 2026, Blockworks and RWA.xyz data revealed that more than 70% of tokenized stock trading volume on BNB Chain occurs outside the 9:30 a.m.–4:00 p.m. Eastern window, with Solana at 63% and Base at nearly 60%. The trend signals that investors are using on-chain equities to trade U.S. stocks across time zones, potentially reshaping liquidity distribution.

Jupiter reported a 50% month-over-month increase in tokenized asset trading volume, while RWA.xyz data indicated the value of tokenized stocks climbed 15% over the past 30 days to nearly $3.3 billion. These figures arrive as the SEC’s innovation exemption opens the door for qualifying platforms to trade tokenized U.S.-listed stocks on public blockchains, subject to disclosure and shareholder protection requirements.

The market remains fragmented. Existing offerings such as xStocks and Ondo Global Markets are largely unavailable to U.S. investors, limiting domestic participation in the expanding market. The gap between platform availability and regulatory permission creates a risk corridor for investors seeking exposure to tokenized equities.

Bitcoin Miners Face Steep Financing Costs in AI Expansion

Bitcoin mining firms expanding into artificial intelligence and high-performance computing confront a widening gap in borrowing costs. BlocksBridge Consulting’s Miner Weekly notes that securing AI customers is only part of the challenge; miners also need billions of dollars to build facilities, purchase equipment, and secure power infrastructure.

Recent deals illustrate the disparity. IREN secured $3.65 billion in June at a blended interest rate of 6%, followed by another $2.4 billion in August at a fixed 9% rate. A June BlocksBridge analysis citing VanEck estimated that publicly traded Bitcoin miners required $50 billion to fund their AI infrastructure ambitions. 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.

The financing strain could force miners to delay or scale back AI initiatives, potentially impacting hash-rate growth and network security. Investors should monitor debt covenants and interest rate exposure in mining company filings.

Strive Expands Bitcoin Treasury Amid Warrant Exercise

Strive increased its Bitcoin holdings by 3,311 BTC during the week ending Oct. 9, averaging roughly $84,500 per coin. The purchases brought its total holdings to 32,773 BTC, making it the fifth-largest publicly traded corporate Bitcoin holder. The company cited $208 million in warrant exercises as the source of the capital used for the purchase.

Strive also amended its governing documents to establish a binding $100 minimum issuance price for its SATA preferred shares, which were trading at $99.40. Bitcoin traded near $83,300, below Strive’s average purchase price for the week, while its common stock, ASST, was little changed at $27.52.

The move underscores a broader trend of corporate treasuries allocating capital to Bitcoin, even as market prices fluctuate. Stakeholders should track Strive’s future disclosures for changes in treasury strategy.

Proposed Accounting Change Could Treat Stablecoins as Cash Equivalents

A proposed change to U.S. accounting standards could allow qualifying stablecoins to be treated as cash equivalents on company balance sheets. Tempo reports that under current accounting practices, stablecoin holdings may not count toward a company’s reported cash reserves, potentially affecting liquidity ratios and loan covenants even when the tokens are fully backed by U.S. dollars.

The Financial Accounting Standards Board (FASB) proposal could alter that stance, but companies would need to demonstrate that the tokens meet specific criteria. The change could make stablecoins more attractive to corporate treasuries, expanding institutional demand.

Practical Takeaways for Investors

  • Verify whether a tokenized stock platform is licensed for U.S. investors before allocating capital.
  • Monitor debt terms and interest rates in mining company filings to assess exposure to AI-related capital needs.
  • Track corporate Bitcoin purchases and treasury amendments for signals of broader institutional adoption.
  • Watch FASB updates on stablecoin accounting to gauge potential shifts in corporate liquidity management.

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