CNA Explains: What are tokenised stocks?

Digital innovation is taking traditional stocks onto the blockchain — the same technology that powers cryptocurrencies. Tokenised stocks are securities represented as digital tokens on a blockchain. They are held in a digital wallet and each token mirrors the price of a real share. In principle, they can be digitally traded directly between investors, without a traditional exchange. Today, trades take about two days to settle. But with tokenisation, settlement could happen instantly, enabling 24/7 trading beyond stock market hours. CNA's Roland Lim explains.