The U.S. Securities and Exchange Commission, which regulates trading of U.S. stocks, declined to comment.
I think this gives us a hint on where this idea might be headed. If the securities are tokenized for the purposes of being traded during the market closing I don't think that is the good idea as the SEC knows they won't have much control over the market. Their are a few occasions where the SEC or even the president closes the market to minimize the panic of sell offs when this systems comes live they won't have much control over it. Can't you see prices will vary from one exchange to another and this can cause a lot of new way to trade which can harm one of the exchanges.