The New York Stock Exchange (NYSE) has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to introduce Rule 7.50 and amend related trading and settlement rules. This initiative aims to support the trading of tokenized securities under the DTC's three-year tokenization pilot framework. The proposed mechanism will allow eligible participants to trade tokenized stocks and exchange-traded products within the existing market structure, with the Depository Trust Company (DTC) handling clearing and settlement. The changes are designed to enhance market competition and expand investor access to tokenized securities without altering traditional securities trading methods.