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.