The U.S. Securities and Exchange Commission (SEC) has approved a rule change by Nasdaq to permit certain securities to be cleared and settled in tokenized form under the Depository Trust Company's (DTC) tokenization pilot. This initiative allows eligible participants to choose tokenized settlement through an order flag, with both tokenized and traditional shares trading on the same order book and maintaining the same execution priority. The pilot's initial scope includes securities from the Russell 1000 index and select major index ETFs.