This move by NYSE directly connects traditional finance with the on-chain world; T+1 settlement remains unchanged, but the underlying has already been tokenized—interesting.

NYSE submits a revision to the SEC, proposing to add Section 7.50, allowing qualified members to trade tokenized securities within the DTC Three Decades Tokenization Pilot, covering Russell 1000 constituent stocks and ETFs tracking major indices. Tokenized securities share the same CUSIP and trading code as traditional securities, can be traded concurrently on the same order book, with unchanged priority, and settlement remains T+1. Existing regulatory rules apply equally, without the need for significant exemptions.