Traditional Shares Drive Most Price Discovery Across 61 Tokenized Stock Pairs

Traditional shares supplied most lasting price discovery across 61 tokenized-stock pairs, anchoring prices over time even as tokens offered trading beyond regular U.S. stock-market hours. The daily analysis covered the first 11 months of the token market under study. A durable, near one-for-one price link emerged in more than 80% of the pairs. That percentage counts pairs with linked prices; it does not measure how much price discovery came from shares. Two assets can move closely together without showing which market supplied the price signal first. When token and share prices diverged, tokens generally made the larger adjustment.

Source: TokenPost