In a bold move that could reshape the landscape of bond trading in the United States, Figure Technologies is urging the U.S. Treasury to take a page from Malaysia’s book by adopting a 24/7 bond trading platform. This proposal comes in the wake of the increasing demand for liquidity and efficiency in the global financial markets.
On October 21, 2026, Figure emphasized the importance of modernizing the bond trading system, drawing attention to Malaysia’s pioneering efforts in tokenized bonds. The Southeast Asian country has successfully implemented a round-the-clock trading environment, allowing investors to buy and sell bonds at any time, significantly enhancing market accessibility and responsiveness.
According to industry experts, the current 9-to-5 trading hours for U.S. bonds do not meet the demands of today’s fast-paced financial environment. By adopting a continuous trading model, the U.S. Treasury could increase market participation, attract more investors, and enhance overall liquidity in the bond market.
Figure’s proposal highlights the potential benefits of tokenization, which could streamline the bond issuance process and reduce transaction costs. Tokenized bonds represent a digital version of traditional bonds, allowing for greater efficiency and transparency in trading. With blockchain technology at its core, this innovative approach could revolutionize how bonds are issued, traded, and settled.
“The world is moving towards 24/7 trading, and the U.S. Treasury should not lag behind,” said a spokesperson from Figure. They stressed that embracing this model could position the U.S. as a leader in the evolving financial landscape.
The advocacy for a 24/7 bond trading system aligns with broader trends in the financial industry. As digital assets continue to gain traction and traditional markets evolve, institutions are increasingly exploring ways to modernize their operations. The integration of blockchain technology and tokenization is seen as a crucial step in this transformation.
While the U.S. Treasury has yet to publicly respond to Figure’s proposal, the conversation surrounding the modernization of bond trading is gaining momentum. Financial analysts are closely monitoring developments in this space, recognizing the potential implications for investors and the market as a whole.
As the financial world continues to adapt to new technologies and market demands, the call for a 24/7 bond trading system serves as a reminder of the need for innovation in traditional finance. Whether the U.S. Treasury will heed this call remains to be seen, but the push for change is undeniably underway.
