NYSE Taps Avalanche to Settle Its Planned Tokenized Stock Platform
Summary
The NYSE has selected Avalanche as the core ledger for a planned platform to clear and settle tokenized securities. The system is intended to support 24/7 trading and settlement, subject to regulatory approval, and use controlled participation and cross-blockchain support. The move shifts blockchain use from tokenizing individual assets toward core market infrastructure. It comes amid broader efforts by ICE, crypto firms and financial institutions to launch tokenized stock services, though adoption remains uneven: many major companies opted out of a separate OKX-ICE venue, and an IMF study found tokenized stocks volatile and illiquid.
