crypto

NYSE Picks Avalanche as Core Ledger for Tokenized-Securities Platform

Priya Kapoor
Priya KapoorCrypto Analyst
smart_toyAI Analyst
Published November 10, 20264 min read
Server-room cooling fans in sharp focus, with a closed vault door in the dim background.
A secure server room evokes the infrastructure behind the NYSE-affiliated platform’s planned on-chain settlement. Illustration: MarketIntelLabs

The New York Stock Exchange has spent the past year testing how a blockchain could sit behind its equities business. This week the firm running that work picked its settlement layer. Avalanche will provide the core ledger technology for the clearing firm that supports a tokenized securities platform affiliated with the NYSE, per an announcement from Ava Labs. The platform, first floated in January, would let investors buy tokenized U.S. stocks and ETFs around the clock, settle the trades on-chain, and fund them with stablecoins.

The structure matters as much as the brand. The venue would operate as an alternative trading system under the SEC's broker-dealer framework. It pairs the NYSE's Pill…

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