NYSE files with SEC to join DTC’s tokenization pilot
Proposal mirrors one filed by Nasdaq last fall to allow investors to choose whether a security is cleared and settled in tokenized form.
The New York Stock Exchange has proposed a rule change to the US Securities and Exchange Commission (SEC) to allow the trading of tokenized securities. If approved by the regulator, the exchange would join Nasdaq as an approved participating venue in the Depository Trust Company’s (DTC) pilot program for tokenization.
The filing, which was published in the federal register last week, is nearly identical to another proposal filed by Nasdaq last year that was approved in March. NYSE is asking to
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