Overseas traders are buying tokens linked to big U.S. stocks during off-hours. While Hong Kong slept, Leo Li executed a trade on Ondo Global Markets, purchasing tokens representing 6,940 shares of Alphabet in the early hours of March 25th. Li, a Hong Kong-based investor, manages a $6 million tokenized portfolio alongside traditional stocks from his home office, trading through the night and catching fragmented sleep before Asian markets open.

This 24/7 trading environment, enabled by tokenized equities acting as digital stock avatars, allows trades to clear in seconds rather than days. U.S. regulators currently block American investors from owning these tokens, though platforms like Robinhood and Kraken offer them to foreign customers. The NYSE and Nasdaq are preparing their own tokenization platforms, signaling the U.S. is poised to follow this global trend.