NYSE Submits Rule Amendment Proposal to Allow Tokenized Securities to Be Listed and Traded

According to filings with the U.S. Securities and Exchange Commission (SEC), the New York Stock Exchange (NYSE) submitted a proposed rule change (File No. SR-NYSE-2026-17) to the SEC on April 9, 2026, seeking to introduce Rule 7.50 and amend related provisions to permit the trading of eligible securities in tokenized form on the exchange. The proposal builds upon the Depository Trust Company’s (DTC) three-year tokenization pilot program and follows the framework of Nasdaq’s similar rules, which have already received SEC approval. Under the proposal, tokenized securities must share the same CUSIP number, ticker symbol, and shareholder rights as their traditional counterparts to be traded on equal footing and at the same priority level within the same order book. Initially, the rule will apply only to constituents of the Russell 1000 Index and ETFs tracking major indices; the settlement cycle will remain T+1, and existing regulatory requirements will apply equally to tokenized securities.