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.

MeNews

2026-05-24 05:13:18

Abstract generation in progress

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 framework of the DTC three-decade tokenization pilot project. This move is consistent with Nasdaq's similar 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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ColdStartUnderTheAurora

· 12h ago

The scope of the pilot is so narrowly defined; it seems regulators are unsure of themselves.

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GateUser-2d7346e0

· 12h ago

NYSE's recent moves are quite interesting; traditional finance is finally starting to seriously engage with blockchain.

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GateUser-a65ee044

· 12h ago

DTC three-year pilot, the time window is tightly constrained, and the SEC remains cautious

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NekoValidator

· 12h ago

CUSIP remains unchanged, the code remains unchanged, and settlement is still T+1. So what is the point of tokenization?

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SucculentCross-Section

· 12h ago

Russell 1000+ ETF, the market cap is large enough, liquidity is not a concern

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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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