Opportunity
Federal Register #SR-NYSETEX-2026-13
SEC Proposed Rule Change for Tokenized Securities Trading on NYSE Texas, Inc.
Buyer
Securities and Exchange Commission
Posted
May 05, 2026
Identifier
SR-NYSETEX-2026-13
NAICS
523210, 522320, 523110
The Securities and Exchange Commission (SEC) is considering a rule change to enable trading of tokenized securities on NYSE Texas, Inc. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - NYSE Texas, Inc. - Depository Trust Company (DTC) - Financial Industry Regulatory Authority (FINRA) - Products/Services Requested: - Amendment of exchange rules to allow trading of tokenized securities - Infrastructure and post-trade settlement services for tokenized securities, provided by DTC as part of a three-year pilot program - Technical Details: - Tokenized securities are digital representations of paper securities using blockchain technology - Trading permitted for tokenized securities that are fungible with traditional securities, sharing the same CUSIP number and trading symbol - Eligible securities include those in the Russell 1000 Index and exchange traded funds tracking major indices - Unique Requirements: - Trading and regulatory oversight for tokenized and traditional securities will be identical - Implementation contingent on DTC establishing necessary infrastructure - Market surveillance and risk management procedures will apply equally to tokenized and traditional securities
Description
This notice pertains to a proposed rule change by NYSE Texas, Inc. to amend its rules to allow trading of securities on the exchange in tokenized form. The proposal defines tokenized securities as digital representations of paper securities utilizing blockchain technology. The trading of tokenized securities will occur alongside traditional securities on the same order book with the same execution priority, provided they are fungible and have the same CUSIP number and trading symbol. The proposal will become effective once the necessary infrastructure and post-trade settlement services are established by the Depository Trust Company (DTC) as part of its three-year tokenization pilot program.