According to U.S. Securities and Exchange Commission (SEC) filings, the New York Stock Exchange (NYSE) submitted a rule change proposal (File No. SR-NYSE-2026-17) on April 9, 2026, to introduce new Rule 7.50 and amend related provisions, permitting eligible securities to be traded on the exchange in tokenized form. This proposal builds upon the Depository Trust Company’s (DTC) three-year tokenization pilot program and follows the framework of a previously SEC-approved similar rule adopted by Nasdaq. Under the proposal, tokenized securities must share the same CUSIP number, trading symbol, and shareholder rights as their traditional counterparts to be eligible for equal priority trading on the same order book. Initially, the scope will be limited to Russell 1000 Index components and ETFs tracking major indices, with settlement remaining on a T+1 cycle, and existing regulatory rules will apply equally to tokenized securities.
NYSE Proposes Rule Changes to Enable Trading of Tokenized Securities
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Summary
On April 9, 2026, the New York Stock Exchange (NYSE) filed a proposal with the SEC to introduce Rule 7.50 and amend related provisions to facilitate trading in tokenized securities. This initiative aligns with DTC’s three-year tokenization pilot and mirrors Nasdaq’s approach. Tokenized assets will share CUSIPs, tickers, and shareholder rights with traditional securities and trade at the same priority level. Initial coverage includes components of the Russell 1000 and major index ETFs, with a T+1 settlement cycle and existing rules applying. Traders assessing the risk-to-reward ratio may find support and resistance levels more defined as tokenized assets gain regulatory clarity.
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