Market hours
Lending runs continuously. Tokenized equities track instruments that do not — and the vault is built around that gap rather than pretending it does not exist.
When the market is shut
- Deposits and redemptions stay open.
- The lending leg keeps accruing as normal.
- Basket rebalancing waits — liquidity outside session hours is thin and the price is unreliable.
- In-kind redemption is the clean exit, since it needs no trade at all.
Expect wider spreads and larger gaps around the open. If you are moving a meaningful amount, session hours are the cheaper time to do it.