NYSE proposed Rule 7.50 to let eligible securities trade and settle in tokenized form under the DTC pilot program while preserving the same CUSIP, rights structure, and execution priority as traditional shares.
NYSE proposed Rule 7.50 to allow eligible securities to trade and settle in tokenized form under the Depository Trust Company pilot program. The update adds that tokenized securities would carry the same CUSIP, shareholder rights structure, and execution priority as their traditional counterparts, and market participants could apply a tokenization flag to support onchain clearing and settlement. The existing proposal still centers on eligible U.S. stocks and ETFs, with settlement remaining T+1 under the broader SEC rule change request.