This move by NYSE has integrated traditional finance with the on-chain world; T+1 settlement remains unchanged, but the underlying assets are now tokenized. The Russell 1000 is entering the DTC pilot, and Wall Street is finally starting to take it seriously.

NYSE submits revisions to the SEC, proposing to add Section 7.50, allowing qualified members to trade tokenized securities within the DTC three-year tokenization pilot, covering Russell 1000 component stocks and ETFs tracking major indices. Tokenized securities share the same CUSIP and trading codes as traditional securities, can be traded concurrently on the same order book, with unchanged priority, and settlement remains T+1. Current regulatory rules apply equally, without the need for significant exemptions.