The International Monetary Fund found that tokenized equities issued by Ondo Finance and xStocks exhibited roughly 1.5 times the realized volatility of traditional stocks, with decentralized exchanges showing the weakest liquidity

Moving stocks, bonds, and other securities onto blockchains as tokenized assets, and the debates over investor protection, trading hours, and settlement.

Non-custodial trading protocols enabling peer-to-peer asset swaps on-chain.

How easily digital assets trade without moving the price, shaped by market makers, exchange depth, and stablecoin supply.