0xBeans proposes splitting tokenized stocks into overnight and session tokens
- —Depositing one tokenized share mints an OVERNIGHT and a SESSION token
- —Reuniting one of each redeems the underlying tokenized share
- —SPY returned +13.5% overnight vs +0.7% intraday over the past year; since 1993, +1,105% vs +27%
- —No contracts or tradable tokens are live under the proposal
Why it matters: If built, it would create a new product class on tokenized equities and arbitrage between the two legs and the underlying share.
Source: Crypto Briefing