This move by NYSE has directly welded traditional finance and the on-chain world together: CUSIP stays unchanged, T+1 stays unchanged, but the underlying foundation is now a token—old money has finally learned to put old wine into new bottles.

NYSE submits revisions to the SEC, proposing to add Section 7.50, allowing qualified members to trade tokenized securities within the DTC three-year tokenization pilot, covering Russell 1000 component stocks and ETFs tracking major indices. Tokenized securities share the same CUSIP and trading codes 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.