Update 10:30 a.m.: The PlayStation Blog France post detailing these changes includes one additional section: track individual Trophy progress on PlayStation 5.
The new Trophy levels will be reflected in all locations that Trophy levels are shown, including past systems, PlayStation App and My PlayStation.
Update 10:55 a.m.: The Trophy progress tracking section has been removed from the PlayStation Blog France post.
For example, if your current Trophy level is 12, your new level will jump to somewhere in the low 200s.