IMF: Over 85% of Overnight Moves in Tokenized Stocks Show Up at US Market Open

• —Over 85% of overnight token moves were reflected in shares within 5 minutes of the US open
• —More than half of tokenized-stock trades occurred outside regular US market hours
• —About 80% of trades were small-sized, signaling demand for fractional access
• —Tokens are roughly 50% more volatile than the underlying shares and less liquid