NYSE has filed a proposed rule change with the U.S. Securities and Exchange Commission (U.S. markets regulator) to allow tokenized versions of eligible equities and ETFs to trade on the exchange. The filing would place those products within Depository Trust Company’s (U.S. post-trade infrastructure provider) three-year tokenization pilot program. Tokenized securities are blockchain-based representations of traditional financial assets, and the move would extend exchange-trading infrastructure to a format that could modernize how securities are issued, transferred, or settled, subject to regulatory approval.