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 filed an application for rule amendments with the SEC on April 9, proposing to add Rule 7.50 to allow qualified member institutions to trade tokenized securities within the framework of the DTC three-generation tokenization pilot project. This move is consistent with a similar Nasdaq rule amendment, which was approved by the SEC on March 18.

Under the proposal, the scope of securities eligible for tokenized trading is limited to Russell 1000 index constituents and ETFs that track major indices. Tokenized securities must share the same CUSIP coding and trading symbols as traditional securities and grant holders the same rights. Only then can they be traded in parallel with traditional securities within the same order book, with the execution priority rules remaining unchanged and settlement continuing to follow the T+1 standard.

NYSE stated that all existing regulatory rules will apply equally to tokenized securities, including short-selling rules, risk management, and market surveillance mechanisms. The overall framework requires no major exemptions or parallel market structures. (Source: Foresight News)

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PixelMiningLamp
· 14h ago
ETFs are now on the blockchain; after spot Bitcoin ETFs come tokenized ETFs, the nesting doll never ends.
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GateUser-7919e6b9
· 18h ago
Article 7.50 sounds like a software patch, and financial infrastructure is also starting to develop agilely.
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InstantNoodlesWithContracts
· 20h ago
Three-year code pilot, the SEC is issuing sandbox licenses to Wall Street, compliant DeFi is coming.
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L2ArbitrageYoungster
· 20h ago
Trading on the same order book in parallel, priority remains unchanged—Translation: Institutions go first, retail investors get the leftovers.
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GateUser-ada1e8c7
· 20h ago
CUSIP remains unchanged, code remains unchanged, old money plays with new tricks, and the retail investors are still the same group of leeks.
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Post-RainCandlestickReflection
· 20h ago
Russell 1000 tokenization, will U.S. stocks also be tradable on the blockchain in the future?
If the gas fee is lower than the commission, I’ll move immediately.
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GateUser-9187acf1
· 20h ago
Traditional finance has finally figured it out; with RWA, this wave of NYSE stepping in personally, T+1 settlement on the chain is directly taking off in efficiency.
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