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 Nasdaq's earlier 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)
NAS1000.23%
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WalletPermissionAdministrator
· 7h ago
The pilot scope does not include small and mid-cap stocks, Russell 2000: Am I unworthy?
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CatUnderTheNeonBridge
· 9h ago
If the SEC approves this, it shows that last year they learned their lesson after being hammered by the court.
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StakingSparrow
· 12h ago
Three-year window period is enough for traditional brokerages to build their infrastructure.
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EchoesOfRollup
· 15h ago
The CUSIP sharing design means the clearing layer doesn't need to be rebuilt, keeping costs tightly controlled.
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DrinkWaterBeforeTheMarket
· 15h ago
Section 7.50 sounds like a game version update note
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0xLateDiner
· 15h ago
Russell 1000+ mainstream ETFs, liquidity is guaranteed, the pilot product selection is very conservative
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NonceNomad
· 15h ago
Three years of code? It feels like it's giving Wall Street enough time to watch the trend.
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GateUser-818d3026
· 15h ago
Keeping the CUSIP unchanged means the regulatory framework hasn't changed; they've just added a technical channel, clever.
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