# Tokenized Stocks Need Capital and Redemption to Support Large Trades By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/44000 Published: 2026-10-29T23:03:21.000Z Updated: 2026-10-29T23:03:21.000Z Section: Investing > Gravity Team CEO Mārtiņš Beņķītis said market makers need capital and dependable redemption routes to support large orders when underlying exchanges are closed. Tokenized U.S. stocks can trade around the clock, but large orders still depend on market makers with capital and a working path to underlying shares, Gravity Team CEO Mārtiņš Beņķītis said. “Prices can reflect new information during the weekend. Making those prices usable for larger transactions requires funded capacity to take the other side,” Beņķītis said in a written interview published Oct. 29. Trading access means orders can be placed at more times; it does not ensure that enough buyers or sellers are available to fill a large order without moving the price. When traditional stock exchanges are closed, market makers may not be able to trade the underlying shares to hedge. Beņķītis said a shortage of capital on the other side can cause a large order to move a token’s price. A study published Oct. 12 compared five of the most liquid tokenized U.S. equities with their corresponding traditional shares. Realized volatility for the tokenized equities was about 1.5 times that of the traditional shares, and roughly 80% of the trades were smaller than one share. Researchers tracked equities from two issuers across 11 centralized and decentralized venues for 365 trading days. The sample represented about $345 million in reported market value, or roughly 15% of a $2.3 billion tokenized-equity market. Liquidity was weakest on decentralized exchanges. Thin overnight and weekend trading contributed to the volatility gap, and the sample may not represent the wider market. Redemption arrangements can help connect a token’s price with the underlying share. If a token trades above the share, a participant may be able to buy shares and create tokens, adding supply and potentially narrowing the gap. That process depends on available capital, access to the shares and settlement arrangements. “A market maker’s ability to keep providing liquidity depends on how reliably that cycle works,” Beņķītis said. Blockchain transfers may occur at any hour, but converting tokens into conventional shares or bank deposits depends on redemption terms and traditional financial systems. Earlier [plans for round-the-clock tokenized U.S. stock access]() focused on when trading could take place. Beņķītis’ comments and the study findings point to the capital and redemption infrastructure needed to support larger trades. ## Links in this article - [plans for round-the-clock tokenized U.S. stock access](https://www.tokenpost.com/news/business/23932)