NYSE's move is steady; traditional finance and the on-chain world are finally starting to share the same ledger. T+1 settlement remains unchanged, but the underlying logic has already changed.

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 component 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. Current regulatory rules apply equally, without the need for significant exemptions.