The New York Stock Exchange submitted a rule amendment application to the SEC, proposing to allow tokenized securities to be traded on the exchange.

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 does not require significant exemptions or parallel market structures. (Source: Foresight News)