NYSE oficialmente envia documentação à SEC: permitindo a tokenização de ações americanas na cadeia, Nasdaq já abriu precedente

The New York Stock Exchange (NYSE) officially submitted a rule change application to the SEC, proposing to add Rule 7.50, allowing compliant securities to be traded and settled on the blockchain in a “tokenized form,” and executed under the DTC pilot framework, using a “tokenization flag” to select on-chain clearing. Nasdaq had already received SEC approval for a similar architecture at the end of March, and NYSE’s submission is expected to also be approved., reported by Dongqu Dongqu.
(Background: NYSE announced the development of a ‘Tokenized Trading Platform’! Supporting 24/7 US stock trading, leading the industry toward full on-chain integration)
(Additional background: SEC’s ‘Two-Year On-Chain’ prophecy: Tokenized reconstruction of the DTCC clearing system)

The largest stock exchange in the United States has officially taken action. According to public filings, NYSE submitted file 34-105260 to the SEC, proposing to add Rule 7.50, which introduces on-chain tokenized securities alongside traditional stocks in the existing trading system, using the same trading code (CUSIP) and the same rights structure, including dividends, voting, and clearing distribution, fully substitutable.

The core mechanism is called “tokenization flag.” After traders select it, the custodian executes on-chain clearing and settlement. In the matching system, tokenized and traditional forms enjoy the same transaction priority, and being “on-chain” does not place them at the back.

Nasdaq first, then NYSE

On March 18, 2026, the SEC approved Nasdaq’s similar architecture (34-105047), covering eligible assets such as Russell 1000 stocks, S&P 500 ETFs, Nasdaq 100 ETFs. The first tokenized trade is expected to be completed by the end of Q3 2026, pending DTC system updates.

The NYSE submission architecture is almost identical, also using CUSIP, the same ticker, the same execution priority regardless of form, tokenization flag, and even the DTC pilot framework is the same.

NYSE has signed an MOU with Securitize

On March 24, NYSE announced the signing of an MOU with Securitize, making Securitize the first digital transfer agent authorized to mint “on-chain native securities” on NYSE’s new digital trading platform. Securitize’s backers include BlackRock, which itself is actively involved in the tokenization fund market.

NYSE’s technical architecture combines the Pillar matching engine with blockchain backend support, enabling 24/7 trading, real-time settlement, dollar-denominated orders, stablecoin funding, multi-chain settlement, and custody.

Currently, both exchanges’ architectures operate within the DTC pilot “sandbox,” not as an unlimited expansion channel. The key point after Rule 7.50 is approved is whether the DTC infrastructure can be launched in the second half of 2026, so that the first on-chain US stock trade can truly occur.