Nasdaq plans to launch 23-hour trading, paving the way for on-chain stocks and tokenized assets.

Nasdaq has officially filed with the SEC to extend U.S. stock trading hours to 23 hours per day, formally incorporating overnight trading. This move is seen as a significant step toward enabling a future of 24/7 "on-chain stocks" and asset tokenization.

For Retail Investors: The change provides a much better experience, eliminating the need to wait for market opens. This improvement extends to on-chain U.S. stock platforms (e.g., Ondo Finance), as smoother broker execution directly enhances on-chain trading fluidity.
For DeFi: Previously limited by low liquidity outside core hours, DeFi protocols can now leverage a near-24-hour official market as a continuous and authoritative price oracle for functions like lending and derivatives.
For On-Chain Brokers & Market Makers: They can hedge positions almost around the clock, leading to smoother price curves and the ability to provide deeper, safer on-chain liquidity without being exposed to extreme overnight risks.

This development paves the way for a new era of blockchain-based U.S. equities and tokenized assets.

I just saw a very interesting news article:

A few hours ago, Nasdaq officially submitted documents to the SEC, planning to extend U.S. stock trading hours to 23 hours a day, formally incorporating "night trading" into the official trading system.

Hmm? Are you trying to set an example for the 24/7 "on-chain stocks" and "asset tokenization" market two years from now, starting with 24/7?

Simply put, it looks like this now; if it passes, it will look like this below.

If it actually passes, the impact will be considerable.

1. Retail investors - First and foremost, retail investors definitely have a better experience. They don't have to stay up all night waiting for the market to open; they can buy and sell during the day.

Moreover, this Boost experience isn't limited to Futu and Tiger Brokers; it applies to on-chain US stock exchanges like Ondo Finance and StableStock as well. Essentially, your buying and selling is facilitated through brokers acting as intermediaries, which is the underlying mechanism for "no slippage and unlimited liquidity" in on-chain US stock trading—because it's connected to the NYSE and Nasdaq. The smoother the broker's buying and selling, the smoother your on-chain actions will naturally be.

2. DeFi - The low liquidity and trading volume in the pre- and after-hours markets previously impacted the composability of on-chain US stock participation in DeFi, as the price discovery mechanism was essentially in a "degraded mode" outside of trading hours. Now, the near-24-hour official market provides the most authoritative and uninterrupted "price oracle" for future DeFi protocols (such as lending and derivatives).

3. On-chain US Stock Market Brokers/Market Makers - These brokers/market makers can hedge in the US stock market at any time within 23 hours, resulting in a smoother price curve. 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 event occurred a few hours before the market opened, causing prices to be unreflected and everyone to have nowhere to exit, they can now simply wait for the market to open.

The era of blockchain-based US stocks and everything going on the blockchain is finally getting closer.

Nasdaq plans to launch 23-hour trading, paving the way for on-chain stocks and tokenized assets.

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