SECGeneralJune 22, 2026

SEC Approves Pilot to Trade Tokenized Securities on 24X National Exchange

24X National Exchange filed a rule change — effective immediately — to allow securities to be traded in tokenized form during a pilot program operated by the Depository Trust Company. This is a significant structural development for firms dealing in digital asset securities, as it signals a regulated pathway for tokenized equities on a national exchange. Compliance officers at broker-dealers, exchanges, and custody providers should monitor how AML, KYC, and settlement obligations will apply to tokenized security transactions under this pilot.

What to do

Review the 24X/DTC pilot program details and assess whether your firm's AML, KYC, and custody frameworks need to be updated to accommodate tokenized securities transactions.

Who this affects

Crypto ExchangeCrypto CustodianBroker-Dealer / RIAOther

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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