The New York Stock Exchange submits a rule amendment application to the SEC, proposing to allow tokenized securities to be traded on the exchange.

robot
Abstract generation in progress

ME News Report: On April 18 (UTC+8), according to the SEC official website, the New York Stock Exchange (NYSE) previously filed with the SEC on April 9 an application to amend its rules, proposing to add Rule 7.50, which would allow qualified member institutions to trade tokenized securities within the framework of the DTC 30-year tokenization pilot project. This move is consistent with a similar Nasdaq rule amendment, which the SEC approved on March 18.

Under the proposal, the scope of securities eligible for tokenized trading is limited to Russell 1000 Index constituent stocks 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; only then may they be traded in parallel with traditional securities within the same order book. The execution priority rules remain unchanged, and settlement continues to follow the T+1 standard.

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

NAS1000.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-9008328f
· 7h ago
In the 1930s, the time window was quite practical, giving them enough room to experiment and iterate.
View OriginalReply0
CircuitDaydreamer
· 7h ago
Russell 1000 tokenization, Wall Street is finally starting to take this seriously.
View OriginalReply0
PerpWhisperer
· 7h ago
Without significant exemptions, the regulatory red lines are clearly defined, so institutions dare to enter the market.
View OriginalReply0
AirdropEtiquette
· 8h ago
This move by NYSE directly connects traditional finance with the on-chain world; T+1 settlement remains unchanged, but the underlying logic has completely shifted—interesting.
View OriginalReply0
LateBlockLarry
· 8h ago
Is ETF also included? Will the liquidity of index funds be on the blockchain?
View OriginalReply0
RugProofRita
· 8h ago
The design of parallel transactions is clever, with traditional and tokenized sides not fighting each other, gradually migrating.
View OriginalReply0
  • Pinned