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.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
