24X National Exchange has filed a rule change with the Securities and Exchange Commission that would allow tokenized versions of Russell 1000 stocks and major index-tracking ETFs to trade on its regulated market.
The filing, listed as SR-24X-2026-20, would amend 24X rules to support securities in tokenized form during a Depository Trust Company pilot program. The structure is designed to keep tokenized shares within the existing U.S. equity market framework rather than creating a separate crypto-style venue for stock tokens.
Under the proposal, eligible exchange members would be able to mark orders with a tokenization preference at entry. Those instructions would then be communicated to DTC after execution, while the shares continue to trade on the same 24X order book as their traditional counterparts.
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The filing, listed as SR-24X-2026-20, would amend 24X rules to support securities in tokenized form during a Depository Trust Company pilot program. The structure is designed to keep tokenized shares within the existing U.S. equity market framework rather than creating a separate crypto-style venue for stock tokens.
Under the proposal, eligible exchange members would be able to mark orders with a tokenization preference at entry. Those instructions would then be communicated to DTC after execution, while the shares continue to trade on the same 24X order book as their traditional counterparts.
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