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 message: On April 18 (UTC+8), according to the SEC official website, the New York Stock Exchange (NYSE) previously filed a rule amendment application with the SEC on April 9, proposing to add Rule 7.50. This would allow eligible member institutions to trade tokenized securities within the DTC Three-Decade Tokenization Pilot Project framework. The move is consistent with a similar rule amendment by Nasdaq, 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 constituent stocks and ETFs tracking major indices. Tokenized securities must share the same CUSIP code and trading symbol as traditional securities and confer the same rights to holders. Only then can they be traded in parallel with traditional securities on the same order book, with the execution priority rules remaining unchanged and settlement still maintained under the T+1 standard. The NYSE said that all existing regulatory rules will apply equally to tokenized securities, including short-selling rules, risk management, and market surveillance mechanisms, and that the overall framework requires no major exemptions or parallel market structures. (Source: Foresight News)

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NeonVortexInTheSmog
· 12h ago
Sharing transaction code is the most user-friendly for retail investors, no need to learn new symbols
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TheWindOnTheBridgeIsTooStrong.
· 13h ago
Main index ETF tokenization, the passive investment track is about to compete in a new dimension
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NodeUnderTheAurora
· 14h ago
Three years of code? By the time the pilot is done, the market might have already changed.
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StakingSparrow
· 14h ago
I'm curious about how the liquidation process is designed; is the T+1 underlying system still traditional?
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Mint-FlavoredGasFee
· 14h ago
Tokenized securities finally no longer have to swim naked in the regulatory gray area
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WalletHealthInspector
· 14h ago
Parallel trading on the same order book significantly boosts price discovery efficiency
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TheRedTelephoneBoothInTheRuins
· 14h ago
Russell 1000+ ETF, this range is conservative enough and representative enough
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GateUser-af0710ba
· 14h ago
Keeping the CUSIP unchanged means regulators don't have to reinvent the wheel, smart.
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LighthouseInTheMist
· 14h ago
This move by NYSE directly connects traditional finance with the on-chain world; T+1 settlement is still in place, but liquidity needs to be restructured.
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