ONDO CEO: 24-hour trading on NYSE, Nasdaq could fix tokenized stock liquidity

The adoption of 24-hour trading by the New York Stock Exchange (NYSE) and Nasdaq could resolve liquidity issues for tokenized stocks, ONDO Finance CEO Ian de Bode stated, according to CoinDesk. He explained that while cryptocurrency and DeFi markets operate around the clock, traditional financial markets are limited to weekday trading, which causes liquidity for tokenized stocks to become extremely thin over the weekend. De Bode added that this time mismatch complicates hedging for market makers, emphasizing that a transition to a 24-hour system in traditional finance would be a major boon for the industry.