NYSE brings stocks to Avalanche, but bans direct wallets
Summary
Avalanche will provide the ledger for the clearing firm of a planned tokenized-securities trading venue affiliated with the NYSE. The venue is designed for 24/7 trading, clearing and settlement, with dollar-sized orders, stablecoin funding and immediate settlement; it remains subject to regulatory approval. NYSE says securities may be issued on different blockchains, so Avalanche’s role as the clearing ledger does not make it the required issuance network. The platform is planned to use the NYSE Pillar matching engine and distribute access to qualified broker-dealers. Tokenized shares are intended to retain the dividends and governance rights of traditionally issued shares.
