Avalanche Won Over the NYSE. Now It Has to ‘Capture Value’ for AVAX
Summary
NYSE parent Intercontinental Exchange selected Avalanche as the core ledger technology for a tokenized securities platform intended to support 24/7 trading, clearing and settlement, subject to regulatory approval. Analysts called the choice a boost to Avalanche’s institutional credibility after testing, but said it may not increase AVAX’s value: the platform will use dedicated infrastructure rather than Avalanche’s public C-Chain, and trading will remain off-chain. Token value may depend on how AVAX is used and whether the project generates fees, liquidity or validator activity. ICE is also pursuing tokenized-stock initiatives with Blockchain.com and OKX, though many companies have opted out of the OKX venue.
