Bolsa de Nova Iorque envia oficialmente documentação à SEC: permitindo a tokenização e negociação de ações americanas na blockchain, Nasdaq já abriu precedente

The New York Stock Exchange (NYSE) has officially submitted a rule change application to the SEC, proposing to add Rule 7.50, which would allow compliant securities to be traded and settled on the blockchain in a “tokenized form,” 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., as reported by Dongqu Dongqu.
(Background: NYSE announces development of a ‘Tokenized Trading Platform’! Supporting 24/7 US stock trading, leading the industry towards full on-chain integration)
(Additional background: SEC’s ‘Two-Year On-Chain’ prophecy: Tokenized restructuring 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 would introduce on-chain tokenized securities alongside traditional stocks within the existing trading system, using the same trading code (CUSIP) and same rights structure, including dividends, voting, and clearing distribution, making them fully interchangeable.

The core mechanism is called the “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 behind.

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, and Nasdaq 100 ETFs. The first tokenized trade is expected to be completed by the end of Q3 2026, pending DTC system updates.

NYSE’s submission architecture is almost identical, also using CUSIP, the same ticker, same execution priority, tokenization flag, and even the DTC pilot framework is the same.

NYSE has signed an MOU with Securitize

On March 24, NYSE announced signing 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 investing 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, USD-denominated orders, stablecoin funding, and 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.