This move by NYSE directly merged traditional finance with the on-chain world, tokenizing the Russell 1000 + T+1 settlement, with no change in regulation but a complete change in gameplay. Wall Street is finally starting to play seriously.

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.