NYSE submits a revision to the SEC, proposing to add Section 7.50, allowing qualified members to trade tokenized securities within the DTC Three Decades Tokenization Pilot, covering Russell 1000 component stocks and ETFs tracking major indices. Tokenized securities share the same CUSIP and trading code 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 11:53:18

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 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 maintained at T+1.
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)

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IdleFishDaoMember

· 9h ago

Russell 1000+ mainstream ETFs, with solid liquidity foundation, the pilot selection is very conservative

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SudoSmiles

· 22h ago

This isn't a true on-chain revolution, just an upgrade in the digital packaging of securities.

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GateUser-739338fe

· 22h ago

You have to admit Wall Street's caution; tokenization first tests the waters with ETFs.

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RevokingPermissionsOnARainy

· 22h ago

Whenever the settlement day becomes T+0, it's never too late to call for a revolution.

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ToBeHonest,You'llLose

· 22h ago

No change in priority, good review; at least they didn't implement the queue-jumping privileges.

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SudoSatoshi

· 22h ago

Three years of pilot period may not be long, but enough for the SEC to see who takes the blame when something goes wrong.

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ByteSizedAlpha

· 22h ago

Parallel trading on the same order book, retail investors simply can't tell if they're buying the on-chain version or not.

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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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