24X National Exchange has filed a proposed rule change with the SEC to enable trading of tokenized versions of Russell 1000 stocks and ETFs on its platform. The filing, designated SR-24X-2026-20, was submitted on June 11 and noticed by the SEC on June 16.
24X is the foremost SEC-registered exchange for extended US equity trading hours, and it’s now making a very deliberate bet that the future of stock trading involves blockchain rails.
What the filing actually proposes
The rule change would allow 24X members to trade tokenized versions of DTC-eligible securities. These tokenized shares would trade on a unified order book alongside their traditional counterparts, rather than creating a separate, fragmented liquidity pool for tokenized assets.
The eligible universe is substantial. Russell 1000 constituents represent roughly the largest thousand publicly traded US companies by market capitalization. Major index ETFs are also included in the scope.
