NYSE Submits Rule Change Proposal to Allow Tokenized Securities Trading

GateNews

Gate News message, April 17 — The New York Stock Exchange (NYSE) submitted a rule change proposal (SR-NYSE-2026-17) to the U.S. Securities and Exchange Commission (SEC) on April 9, proposing to add Rule 7.50 and amend related provisions to permit eligible securities to trade in tokenized form on the exchange.

The proposal, developed in coordination with the Depository Trust Company’s (DTC) three-year tokenization pilot program, follows the model of similar Nasdaq rules already approved by the SEC. Under the proposal, tokenized securities must share the same CUSIP number, trading symbol, and shareholder rights as their traditional counterparts to trade at equal priority in the same order book.

The initial scope is limited to Russell 1000 Index constituents and ETFs tracking major indices. Settlement will remain T+1, and existing regulatory rules will apply equally to tokenized securities.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Crypto Miner HIVE Targets $75 Million Offering to Fund AI Expansion

HIVE Digital Technologies aims to raise $75 million through exchangeable notes to expand into data centers and AI infrastructure, shifting from crypto mining. The funds will support capital investments, despite recent financial losses.

Coinpedia58m ago

China's Yuanjie Hits Record High as Chipmakers Rally on Strong AI Demand; TSMC Posts 58% Profit Jump

Yuanjie, a Chinese laser chip company, surged 9.6% to top China's stock market, surpassing Kweichow Moutai, which faced its first sales decline in 20 years. Global chipmakers like TSMC posted strong earnings driven by AI demand, while European startups pursue Nvidia alternatives amid new U.S. tech restrictions on China.

GateNews1h ago

XRP ETFs Surpass $1B in Total Net Assets on Strong Institutional Inflows

XRP exchange-traded funds (ETFs) have exceeded $1.08 billion in net assets, driven by significant institutional demand and daily inflows. Bitwise holds the largest share with $313.69 million, indicating strong market interest in XRP investments.

GateNews1h ago

Figure Faces Short Seller Accusations Over Blockchain Integration Claims; FIGR Stock Down 53% From January Peak

Figure Technology Solutions faced allegations from Morpheus Research of overstating its blockchain technology use, resulting in a significant drop in share prices. Figure defended its operations, highlighting its digital asset features and strong performance metrics.

GateNews2h ago

Alcoa in Advanced Talks to Sell Massena Smelter Site to Bitcoin Miner NYDIG

Alcoa Corp. is negotiating to sell its Massena East smelter site in New York to Bitcoin mining firm NYDIG, with a deal anticipated to close mid-year as part of Alcoa's asset divestiture strategy.

GateNews2h ago

TradFi Rise Alert: MSTR (Microstrategy Inc - Class A) Rises Over 14%

Gate News: According to the latest Gate TradFi data, MSTR (Microstrategy Inc - Class A) has surged by 14% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

GateNews3h ago
Comment
0/400
No comments