Wall Street is accelerating the push for tokenized stocks and around-the-clock trading, but institutional investors are taking a cautious stance toward instant settlement models. Despite exchanges like Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, and Nasdaq partnering with crypto platforms to launch tokenized stocks, professionals warn that mandatory instant settlement could increase costs and reduce liquidity by requiring trades to be fully pre-funded. Retail traders in markets such as "meme stocks" have already captured considerable trading volume and may adopt these trading platforms more quickly, as they offer advantages like direct wallet ownership and after-hours trading. However, if multiple tokenized versions of the same stock emerge, there is a risk of market fragmentation.