Investors are using blockchain-based shares for smaller and after-hours trades. The IMF says liquidity, legal rules and settlement systems have not caught up. Tokenized U.S. stocks offer round-the-clock trading and fractional ownership, with more than half of trades occurring outside regular market hours and about 80% involving less than one share, the IMF found. Overnight price moves carried useful information, with more than 85% reflected in conventional shares within five minutes of markets…
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