Wu said that the U.S. Securities and Exchange Commission (SEC) announced that 24X National Exchange LLC has submitted a rule change application to the regulatory agency, and filed an immediate effectiveness notice under SR-24X-2026-20, proposing to allow trading of tokenized securities on the exchange during the DTC (Depository Trust Company) tokenization pilot program.


The scope of related securities mainly includes components of the Russell 1000 Index and some exchange-traded funds (ETFs), which can be traded within the same trading system alongside traditional securities, maintaining the same CUSIP, trading codes, and execution priority.
The SEC stated that this rule change applies to the existing market structure and clearing and settlement framework, and has entered the public comment period.
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GateUser-af0ea0c9
· 6h ago
Traditional finance is finally starting to seriously engage with on-chain activities; the fact that CUSIP remains unchanged is very important, indicating that what they want is efficiency improvement rather than starting from scratch.
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OwlChainViewer
· 6h ago
24X this move is quite interesting, tokenizing the Russell 1000, which is like giving traditional stocks a blockchain avatar. But how long the DTC pilot can run depends on the SEC's attitude.
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