The New York Stock Exchange submits a rule amendment application to the SEC, proposing to allow tokenized securities to be traded on the exchange.

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ME News Report, April 18 (UTC+8), according to the SEC official website, the New York Stock Exchange (NYSE) previously submitted a rule amendment application to the SEC on April 9, proposing to add Rule 7.50, allowing qualified member institutions to trade tokenized securities within the framework of the DTC three-decade tokenization pilot project. This move is consistent with Nasdaq's similar rule amendment, which was approved by the SEC on March 18.
According to the proposal, the scope of securities eligible for tokenized trading is limited to Russell 1000 index components and ETFs tracking major indices. Tokenized securities must share the same CUSIP code and trading symbol as traditional securities and grant holders the same rights, enabling parallel trading within the same order book with traditional securities, with priority rules remaining unchanged and settlement still maintaining the T+1 standard.
NYSE stated that all current regulatory rules will apply equally to tokenized securities, including short-selling rules, risk management, and market surveillance mechanisms, and the overall framework requires no significant exemptions or parallel market structures. (Source: Foresight News)
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PublicBlockchainUnderTheAurora
· 7h ago
It feels like using new technology to package old processes, changing the surface but not the substance.
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BridgeSideEyes
· 7h ago
T+1 settlement remains unchanged, and the instant settlement advantage of blockchain has been curtailed.
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RetroRadioSignal
· 7h ago
Tokenized securities do not require new exemptions, indicating that the regulatory framework has long since left an opening.
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PurpleMistColdWallet
· 7h ago
Three years of pilot period, enough for a bullish cycle, then let the data speak.
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PaperSculptureOctopusPosition
· 7h ago
CUSIP remains unchanged, the code remains unchanged, and settlement is still T+1, so what is the point of tokenization...?
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BorrowingBuddy
· 8h ago
If this gets running smoothly, then the tokenization of small and mid-cap and private equity should also be quick afterward.
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SummerCoast
· 8h ago
NYSE moves half a beat slower than Nasdaq, but steps more steadily
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AprDaydream
· 8h ago
Section 7.50, this name is very SEC-like, always patching rules.
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SlippageSamurai
· 8h ago
Regulatory agencies can finally legitimately participate in on-chain activities, while retail investors still watch from outside the market.
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