U.S. Securities and Exchange Commission documents show that the New York Stock Exchange has submitted rule changes proposing to allow trading of tokenized securities within the existing market system.


The plan is based on a three-year pilot by DTC, supporting clearing and settlement via blockchain technology.
Tokenized securities must have the same codes and shareholder rights as traditional securities, and be traded on the same order book, subject to the same matching and regulatory rules, with settlement still T+1.
The rules have taken effect, but regulators can pause and further review within 60 days.
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