Nasdaq plans to introduce 23-hour trading to pave the way for on-chain stocks and tokenized assets

2025-12-17 08:05:04

I just saw a very interesting news:

A few hours ago, Nasdaq officially submitted documents to the SEC, planning to extend US stock trading hours to 23 hours a day, officially incorporating the “night session” into the official trading system.

Huh? Are you trying to set an example for the “on-chain stocks” and “asset tokenization” market that will be 24/7 in two years, first with a 5X23 schedule?

In simple terms, it currently looks like this, and if approved, it will become this:

If truly approved, the impact will still be significant.

Retail Investors - First of all, retail investors will have a better experience, no need to stay up late waiting for the market to open, and they can buy and sell during the day.

Moreover, this experience boost is not limited to Futu Tiger; using platforms like Ondo Finance, StableStock, and other on-chain US stocks, the experience is similar. Because fundamentally, your buy and sell actions are executed through their underlying brokers acting as intermediaries, which is also the underlying mechanism of “on-chain US stocks with no slippage and unlimited liquidity.” The brokers connect to NYSE and Nasdaq. As long as broker trading is smoother, your on-chain actions naturally become smoother.

DeFi - The low liquidity and trading volume in pre-market and after-hours markets previously affected the composability of on-chain US stocks participating in DeFi, because the price discovery mechanism was in a “downgrade mode” during non-trading hours. Now, with an official market approaching 24 hours, it can provide the most authoritative, uninterrupted “price oracle” for future DeFi protocols (such as lending and derivatives).
On-chain US Stocks Brokers/Market Makers - These brokers/market makers can hedge in the US stock market at any time within 23 hours, making the price curves smoother. Market makers can provide deeper liquidity on-chain around the clock without worrying about extreme risks. Unlike before, when a major event or black swan occurred a few hours before opening, prices had no reflection, and everyone had nowhere to run, only waiting patiently for the market to open.

The era of on-chain US stocks / everything on-chain is finally getting closer and closer.

ONDO-2.82%

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