Robinhood and Uniswap data point to demand for tokenized stocks beyond conventional U.S. trading schedules and geographies. Johann Kerbrat, general manager of Robinhood Crypto and senior vice president of global business, said 70% of Robinhood's trading volume occurs on weekends and at night. Separately, September data showed that 71% of tokenized stock trades on Uniswap took place outside U.S. markets, indicating that non-U.S. participants accounted for most on-chain equity activity. The geographic measure differs from an earlier description that framed the 71% figure as trading outside regular U.S. market hours. Robinhood is awaiting follow-up guidance from the U.S. Securities and Exchange Commission, while Robinhood Chain has surpassed most other blockchain networks in tokenized stock trading volume.