Equity markets rule price discovery over 24/7 tokenised trading, WFE study finds

21st October, 2026

Aravind Bulusu
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Research by the World Federation of Exchanges (WFE) found that underlying securities traded on traditional exchanges remain the main source of price discovery for third-party tokenised equities, despite tokens being available to trade around the clock.

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ABN AMRO
Bank of America
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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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