Kaiko Research said demand for tokenized stocks is increasingly showing up after the U.S. equity market closes, with trading in tokenized Nvidia, Apple and Amazon reacting to major company announcements outside regular stock-market hours.

According to the report, investors are using tokenized stocks to respond to headline risk even when U.S. exchanges are closed. Kaiko said after-hours activity was visible in spot trading data for tokenized Nvidia, Apple and Amazon, linking that pattern to demand for continuous market access and broader investment accessibility.

Kaiko also distinguished between tokenized spot products and derivatives. It said perpetual futures currently lead the market by trading volume, driven by continuous trading and high leverage. In Nvidia perpetual futures, weekly trading volume has risen since May 2026 and exceeded $1 billion by the end of August, according to the report.

For spot trading, Kaiko said the flows looked more tied to direct exposure than short-term directional betting. In Nvidia’s case, the report said trading volume on Bitget jumped after the chief executive’s June 2 announcement, with 88.5% of tokenized Nvidia spot volume occurring outside U.S. market hours. For Apple, tokenized spot volume reached $2.96 million on April 20, the highest level in four months, around a chief executive change announcement. Amazon’s tokenized spot volume rose to about $3.2 million after its July 30 earnings release, with 40.6% of daily volume concentrated in the hour after the announcement.

The report’s broader argument is that tokenized stocks are starting to serve as a practical way to reduce the limits imposed by exchange trading hours and market access. That view fits a wider industry push toward round-the-clock stock-linked products, including tokenized equity derivatives and blockchain-based trading infrastructure.

Why It Matters

The data adds a concrete market-structure angle to the tokenized equities narrative. Much of the sector’s activity has been associated with speculative derivatives, but Kaiko’s examples suggest there is also event-driven demand for spot exposure when traditional equity venues are closed. That could strengthen the case for tokenized stocks as a trading-access product rather than only a crypto-native wrapper for leverage.

It also highlights where tokenization may find a clearer role in global markets: bridging time-zone gaps and giving investors a way to react to U.S. corporate news on crypto rails. If that pattern persists, tokenized equities could become more relevant to exchanges, brokers and infrastructure providers trying to extend trading hours and expand access to U.S. stocks.