24X National Exchange has filed with the US Securities and Exchange Commission (SEC) to enable tokenised trading of certain eligible US equities on its venue.
If permitted, the filing will allow market participants trading through 24X to clear and settle trades in Russell 1000 stocks and major-index ETFs in a tokenised form.
In addition, the trades will also be facilitated through the SEC’s Depository Trust Company (DTC) pilot program, which is set to go live in October 2026 following an initial limited production of trades of real-world assets tokenised in July.
According to Dmitri Galinov, founder and chief executive of 24X, the move aligns with the exchange’s broader objective to enhance global trading access to US equities on an expanded basis.
Galinov also added: “Facilitating the trading of US equities in tokenised form on 24X will advance these efforts, and we look forward to engaging with the SEC through the review process.”
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Currently, 24X is operating the first phase of its extended trading model, with US equities trading available from 4am to 8pm ET on weekdays, after going live in October 2025.
The trading venue is expected to transition to a continuous 23/5 model in late 2026.
In April 2026, 24X announced that it was seeking SEC approval for a temporary exemption to launch overnight trading for US equities before securities information processors (SIPs) are active and functioning on a 24/5 model.
The exchange argues that the exemption will bring enhanced investor protections to the overnight market, allowing overnight trading on 24X to occur without the required public market data feeds, making use of alternative or non-SIP consolidated data.