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RWA Regulation

SEC Chair Atkins Says Agency Advancing 24-Hour US Stock Trading, Cites Tokenization

SEC Chair Paul S. Atkins said the agency is pushing ahead with preparations to expand US equity trading to 24 hours, citing DTCC’s live “23×5” trade capture system, industry-set overnight price bands and risk controls, and work by the securities information processor (SIP) on overnight price publication. Tokenization could help the securities industry achieve real-time inventory management, cutting settlement failures and naked short-selling risk, he said.

Original source

AI take

The significance here is less the round-the-clock session itself than the regulator naming tokenization as a settlement-efficiency tool — a shift from crypto-adjacent rhetoric to plumbing-level justification. That framing matters most to market infrastructure providers and clearing participants, who bear the operational risk of overnight price bands and SIP publication. Whether tokenized inventory management moves from Atkins's remarks into concrete industry pilots is the open question to watch.

Generated by AI for reference only.

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