Federal Register #SR-NYSEAMER-2026-36

SEC Solicits Comments on NYSE American LLC Tokenized Securities Trading Rule Change

This notice from the Securities and Exchange Commission (SEC) seeks public comment on a proposed rule change to enable trading of tokenized securities on NYSE American LLC. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - Depository Trust Company (DTC) will operate the tokenization pilot program - NYSE American LLC is the exchange proposing the rule change - Products/Services Requested: - No physical products or procurement of services; this is a regulatory action - Proposal covers trading of tokenized securities, specifically: - Securities in the Russell 1000 Index - Exchange traded funds tracking major indices - Unique/Notable Requirements: - All tokenized securities must comply with existing SEC and Exchange rules - DTC will provide tokenization services for a three-year pilot period - Focus on investor protection, market integrity, and interoperability with the national market system - Public comment is requested on the proposed regulatory framework - No purchase quantities or part numbers are specified, as this is not a procurement for goods or services.

Description

The Securities and Exchange Commission (SEC) has issued a notice regarding a proposed change by NYSE American LLC to amend its rules to enable the trading of securities in tokenized form. The proposal includes adopting Rule 7.39E and amending several other rules to facilitate trading during a pilot program operated by the Depository Trust Company (DTC). The tokenized securities eligible for trading will be limited to securities in the Russell 1000 Index and exchange traded funds tracking major indices. The proposal aims to integrate tokenized securities trading within the existing national market system framework, ensuring investor protection and market integrity.

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