SEC Approves NYSE Rule for Tokenized Securities Trading

April 21, 2026

NYSE Rule Change Enabling Trading of Tokenized Securities

Anna Ren Mayer Brown Free Writings + Perspectives + Follow Contact LinkedIn Facebook X ;) Embed

On April 17, 2026, the Securities and Exchange Commission (SEC) approved with immediate effectiveness the New York Stock Exchange’s (NYSE) proposed rule change (SR-NYSE-2026-17) that allows tokenized securities to be listed and traded on the NYSE.  The NYSE rule would integrate blockchain-based representations of traditional stocks and ETFs into its existing trading infrastructure.  Like Nasdaq’s rule, about which we previously blogged, the NYSE’s rule also builds on the Depository Trust Company’s (DTC) tokenization pilot program (see our alert), which received SEC staff no-action relief in December 2025.  Under the NYSE rule, securities eligible for tokenization are limited to Russell 1000 constituents at service launch (plus subsequent additions, notwithstanding removals) and ETFs tracking major indices, such as the S&P 500 and Nasdaq-100.

The NYSE rule would allow members to trade eligible securities in tokenized form with substantively identical mechanics as the Nasdaq rule.  Tokenized and conventional shares would trade on the same order book with the same execution priority, share the same CUSIP, and settle T+1 through DTC.  Member organizations flag a tokenization preference at order entry, specifying blockchain and wallet address, and DTC tokenizes or de-tokenizes the entitlement post-settlement.  If there is an issue with eligibility or the selected blockchain or wallet, the trade simply settles in conventional form.

The filing is one prong of the NYSE’s broader tokenization strategy, which separately includes plans for a dedicated trading venue that would enable 24/7 operations, instant settlement, orders sized in dollar amounts and stablecoin-based funding.  The NYSE will notify members at least 30 calendar days before tokenized trading goes live on the exchange.

For more information, see NYSE’s proposed rule change here and SEC’s approval release here.

[View source.]

;) ;) Report

Latest Posts

• NYSE Rule Change Enabling Trading of Tokenized Securities
• Division of Corporation Finance Issues Exemptive Order for Certain Tender Offers
• FINRA Investor Education Foundation Examines Effects of Social Media “Finfluencers”
• FINRA Proposes to Exempt CTFs from its IPO Purchase Restriction Rules
• Rulemaking Petition on Communications Rules See more »

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
Attorney Advertising.

©
Mayer Brown Free Writings + Perspectives

Written by:

Mayer Brown Free Writings + Perspectives Contact + Follow Anna Ren + Follow more less

PUBLISH YOUR CONTENT ON JD SUPRA

• ✔ Increased readership
• ✔ Actionable analytics
• ✔ Ongoing writing guidance Join more than 70,000 authors publishing their insights on JD Supra

Start Publishing »

Published In:

Blockchain + Follow Capital Markets + Follow Digital Assets + Follow Digital Securities + Follow FinTech + Follow Listing Rules + Follow NYSE + Follow Proposed Rules + Follow Securities and Exchange Commission (SEC) + Follow Securities Regulation + Follow Stablecoins + Follow Tokenization + Follow Trading Platforms + Follow Finance & Banking + Follow Science, Computers & Technology + Follow Securities + Follow more less

Mayer Brown Free Writings + Perspectives on:

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: Sign Up Log in ** By using the service, you signify your acceptance of JD Supra's Privacy Policy.* - hide - hide