NYSE Seeks SEC Nod for Digital Asset Listing

NYSE Arca Proposes Rule Change for Digital Asset Listing

The New York Stock Exchange (NYSE) has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to list digital assets on its exchange, NYSE Arca. The proposed rule change, if approved, would allow the exchange to list and trade digital assets, including cryptocurrencies, on its platform.

The SEC has begun its review process for the proposed rule change, which is subject to a 45-day public comment period. During this time, interested parties can submit their comments and feedback to the SEC regarding the proposed rule change.

If approved, the rule change would enable NYSE Arca to list and trade digital assets, subject to certain conditions and requirements. These conditions may include, but are not limited to, the digital asset's liquidity, market capitalization, and regulatory compliance.

The proposed rule change comes amidst a growing interest in digital assets and cryptocurrencies, as well as increasing regulatory scrutiny. The SEC has been actively reviewing and approving various cryptocurrency-related products, such as exchange-traded funds (ETFs), in recent years.

In a related development, 21Shares, a digital asset management firm, has filed an application with the SEC to launch a spot Polkadot ETF. The proposed ETF, which would track the price of Polkadot's native token, DOT, is subject to the SEC's approval process.

The SEC has not yet made a decision on the proposed rule change or the 21Shares spot Polkadot ETF. However, the ongoing review and approval processes highlight the growing interest and regulatory focus on digital assets and cryptocurrencies.