The New York Stock Exchange (NYSE) announced that it has submitted a rule amendment proposal to the U.S. Securities and Exchange Commission (SEC) to support the trading of tokenized securities within the framework of the Depository Trust Company's (DTC) tokenization pilot project. Trading will be limited to Russell 1000 index components and major index-tracking ETFs. Tokenized securities will use the same CUSIP numbers and tickers as existing securities and will be traded in parallel within the same order book. The settlement cycle will remain T+1, as with existing securities, and all current regulations, including short selling and market surveillance, will apply equally. Previously, in March, Nasdaq received SEC approval for tokenized securities trading.