RedStone: tokenized stocks lose price reference outside trading hours

• —NYSE and Nasdaq trade 32.5 hours a week out of 168 — AMMs are left without a price reference
• —The SEC requires tokens to carry the same rights as ordinary shares and trading to halt if the underlying stock is halted
• —Synthetic products (Robinhood Stock Tokens, Kraken xStocks) do not fall under the SEC exemption
• —The exemption lasts 5 years and requires issuer notification with a right to object