Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Session 2.12: Behavior on Blockchains: Trading Activity in Tokenized Financial Assets
Time:
Tuesday, 26/Aug/2025:
5:00pm - 5:30pm
Location:Carmen Conference hall
Meeting hall “Carmen”, which can accommodate up to 70 people
Presentations
Behavior on Blockchains: Trading Activity in Tokenized Financial Assets
Prof. Stefan Scharnowski
University of Mannheim, Germany
This paper analyzes trading patterns and investor behavior in the market for tokenized financial assets. Even though investors can trade tokenized assets around the clock, trading activity is substantially higher when the primary listing exchange is open, in particular during the regular trading session. Likewise, price differences between the tokenized and underlying asset are wider during the extended trading hours than during the regular trading session. The majority of trades result from fractional order sizes, but orders still cluster at relatively round sizes, values, and prices. Additionally, a disproportionate number of trades, especially buy trades, use the minimum permissible order size, suggesting the presence of retail traders interested in owning an asset for purposes other than financial gain.
