24X National Exchange recently proposed a rule change with the SEC to facilitate trading of certain eligible equities in tokenized form under the SEC’s Depository Trust Company pilot program. The SEC has posted the filing here.
If this rule change is approved, eligible members of the 24X Exchange will be able to clear and settle trades in Russell 1000 stocks and major-index ETFs in tokenized form under the auspices of the DTC.
24X Founder and CEO Dmitri Galinov said about the filing:
“As the first national exchange approved by the SEC to offer 23-hour weekday trading of U.S. equities, expanding access for traders around the world is core to 24X’s mission. Facilitating the trading of U.S. equities in tokenized form on 24X will advance these efforts, and we look forward to engaging with the SEC through the review process. In the interim, we continue to prepare to expand from 16/5 to 23/5 trading on 24X later this year.”
Source: 24X
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