2 publishers · first seen Mon, 09 Nov 2026 13:40 UTC · updated Tue, 10 Nov 2026 11:20 UTC
The New York Stock Exchange (NYSE) has selected Avalanche (AVAX) as the core ledger technology for its planned 24/7 tokenized stock settlement platform, pending regulatory approval. This decision has led to a significant price increase for AVAX, with the token rallying by up to 10%. The platform is designed to support 24/7 trading, clearing, and settlement of tokenized securities, with Avalanche providing the underlying settlement infrastructure. The announcement has positioned Avalanche as a key player in the growing competition for tokenized asset market infrastructure, with Nasdaq and the Depository Trust & Clearing Corporation (DTCC) also developing their own tokenization services.
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