I noticed an interesting development on the regulatory front. The NYSE has just submitted a proposal to the SEC for the introduction of Rule 7.50, which will allow trading of tokenized securities. This is a significant step toward blockchain integration in traditional markets.

The program is designed for three years and will operate through the DTC tokenization platform. But what's important is that trading will be limited to stocks from the New York index, specifically components of the Russell 1000 and ETFs tracking major indices. That is, not all assets, only serious ones.

Technically, it's straightforward: tokenized securities will have the same CUSIP and trading codes as regular stocks. They can be traded right alongside traditional securities in the same order book. No separate systems or exemptions.

This essentially follows the path of Nasdaq, which already received SEC approval in March. The NYSE emphasizes that all existing rules will apply equally—short selling, risk management, monitoring. Settlements remain T+1, as before.

What does this mean? If the program goes through, the New York index could become the first truly integrated market where traditional and tokenized assets are traded side by side without significant differences. It’s not a revolution, but an evolution that could change the structure of financial markets. It’s interesting to see regulators gradually opening up to blockchain at the institutional level.