Federal Register #SR-NYSEARCA-2026-45

SEC Notice: Proposed Rule Change for Tokenized Securities Trading on NYSE Arca

This notice outlines a proposed regulatory change by the Securities and Exchange Commission (SEC) regarding tokenized securities trading on NYSE Arca, Inc. - Government Buyer: - Securities and Exchange Commission (SEC) - NYSE Arca, Inc. (exchange operator) - Key Partners: - Depository Trust Company (DTC) will operate the pilot program and develop supporting infrastructure - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Proposal Details: - Seeks to amend NYSE Arca rules to allow trading of tokenized securities using blockchain technology - Pilot program covers securities in the Russell 1000 Index and certain exchange-traded funds - Tokenized securities must be fungible with traditional securities, sharing the same CUSIP and trading symbol - Investor protections, market surveillance, and compliance with existing rules will be maintained - Unique Requirements: - Integration of tokenized securities within the national market system - DTC to provide post-trade settlement services for tokenized securities - No procurement of goods or services is involved; this is a regulatory framework change

Description

This notice announces a proposed rule change by NYSE Arca, Inc. to amend its rules to allow the trading of securities in tokenized form on the exchange. The proposal includes adopting new rules and amending existing ones to enable trading of tokenized securities during a pilot program operated by the Depository Trust Company (DTC). The tokenized securities will be fungible with traditional securities, share the same CUSIP number and trading symbol, and afford holders the same rights. The proposal aims to integrate tokenized securities trading within the existing national market system framework, ensuring investor protections and market surveillance.

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