The New York Stock Exchange plans to trade tokenized securities within the existing market system

ME News Report, May 3rd (UTC+8), according to U.S. Securities and Exchange Commission documents, the New York Stock Exchange has submitted a rule change proposal to allow the 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 rule has taken effect, but regulators can suspend and further review it within 60 days. (Source: MLion)

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