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 DTC three-decade tokenization pilot project framework. This move is consistent with similar rule amendments by Nasdaq, 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 T+1 standards.
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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SentimentIndicatorCollecting
· 9h ago
Russell 1000+ ETF, the holdings are chosen conservatively, SEC is still afraid of trouble after all.
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ForkItAnyway
· 17h ago
Article 7.50, this name sounds very regulatory; compliance framework takes precedence.
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GasInTheHourglass
· 20h ago
DTC endorsement is much more reliable than those shady chains; institutional funds are now willing to invest.
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GateUser-9d67589f
· 21h ago
The rush to beat the NYSE is intense, and Nasdaq is probably also holding back a big move.
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L2Mailman
· 21h ago
Having the same priority level is crucial; otherwise, tokenization will always be second-class citizens.
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SlippageAfterTheRain
· 21h ago
NYSE is taking steady steps; traditional finance and blockchain are finally starting to shake hands.
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LateEntryLarry
· 21h ago
This news is way more impactful than any DeFi protocol issuing tokens, truly the prelude to mass adoption.
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HexiHoodie
· 21h ago
No need for major exemptions; this emphasizes that existing laws are sufficient.
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ReminderOfWavesCrashingAgainst
· 21h ago
On-chain settlement T+1, so 24/7 trading is also a no-go?
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AirdropOrganizer
· 21h ago
If the three-year pilot period ends successfully, will it be expanded to the entire market?
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