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NYSE selects Avalanche to settle tokenized stocks on planned round-the-clock trading platform

The New York Stock Exchange has picked the Avalanche blockchain to handle clearing and settlement for a planned 24/7 tokenized securities venue targeting a fourth-quarter launch.

A 5-minute candlestick price chart of AVAX against Tether showing a sharp vertical green surge above $8.50.
Image: @blocknewsdotcom

The New York Stock Exchange has selected Avalanche as the blockchain settlement layer for an upcoming 24/7 trading platform designed for tokenized U.S. stocks, according to reports from The Wall Street Journal and crypto industry outlets. The exchange cited Avalanche's speed, throughput, and compliance capabilities for the role, with the platform targeting a fourth-quarter launch pending regulatory approval.[6][8][5][1][3]

Ava Labs confirmed that Avalanche will provide the core clearing and settlement infrastructure for the NYSE-affiliated venue. The system is designed to use Avalanche consensus to power its clearinghouse and enable atomic, on-demand equity trade settlement alongside stablecoin funding, transitioning away from traditional multi-day clearing cycles. The venue will also use NYSE technology for trade matching.[4][12][7][5][8][2]

The move follows roughly a year of testing with NYSE parent company Intercontinental Exchange, according to Crypto Banter and Crypto Briefing. Avalanche's native token reacted quickly to the reports, with AVAX surging 6% to $8.65 within 15 minutes and rising more than 10% over a four-hour window, adding roughly $350 million to its market capitalization.[2][10][9][11]

Key facts

  • The New York Stock Exchange selected Avalanche as the exclusive settlement blockchain for tokenized stocks on an upcoming 24/7 trading platform, per The Wall Street Journal.
  • The platform is targeting a fourth-quarter launch, subject to regulatory approval.
  • Ava Labs confirmed Avalanche will provide core ledger technology for clearing and settlement for the NYSE-affiliated venue.
  • The venue will use NYSE technology for trade matching and feature atomic trade settlement and stablecoin funding.
  • The initiative follows approximately a year of testing with NYSE parent Intercontinental Exchange.
  • AVAX gained 6% to reach $8.65 within 15 minutes of initial reports, adding approximately $350 million to its market cap.

Sources 路 12 sources

  1. CO

    CoinDesk@CoinDeskPost on X 路

    NEW: The @NYSE will settle tokenized stocks on its upcoming 24/7 trading platform exclusively on @Avalanche, targeting a Q4 launch pending regulatory approval. https://t.co/AJlJSPHnEW

    Open source
  2. CB

    Crypto Banter@crypto_banterPost on X 路

    馃毃NYSE TO SETTLE TOKENIZED STOCKS ON AVALANCHE BLOCKCHAIN! New York Stock Exchange reportedly will use Avalanche as a settlement layer for tokenized U.S. equities and ETF platform. Instant onchain settlement, 24/7 trading, stablecoin funding. Massive validation for avalanche-2:native after a year of testing with ICE.

    Open source
  3. CO

    Cointelegraph@CointelegraphPost on X 路

    馃敟 BREAKING: NYSE will use Avalanche to settle tokenized stock trades exclusively on its planned 24/7 trading platform, per WSJ. https://t.co/RRKMLAzDJh

    Open source
  4. CN

    crypto.news@cryptodotnewsPost on X 路

    BREAKING: Avalanche selected as core blockchain for NYSE-affiliated tokenized securities platform Ava Labs says Avalanche will power the clearing and settlement infrastructure for the upcoming NYSE digital trading venue, designed to support 24/7 trading and onchain settlement of tokenized equities, subject to regulatory approval.

    Open source
  5. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: The New York Stock Exchange will use Avalanche for settlement infrastructure on its upcoming 24/7 tokenized securities platform. The platform is targeting a fourth-quarter launch and will use NYSE technology for trade matching, pending regulatory approval, according to the WSJ.

    Open source
  6. WM

    WSJ Markets@WSJmarketsPost on X 路

    NYSE to Settle Tokenized Stocks on Avalanche Blockchain https://t.co/caAgaqfQ64

    Open source
  7. BS

    BSCN@BSCNewsPost on X 路

    Wall Street鈥檚 biggest exchange is betting on Avalanche rails Avalanche (@Avax) technology has been chosen by the New York Stock Exchange (@NYSE) to build the backbone clearing and settlement system for its new tokenized securities platform. This system will run the platform's clearinghouse using Avalanche consensus to enable around-the-clock trading, clearing, and atomic trade settlement of equities. The move marks the shift from multi-day equity clearing processes to on-demand blockchain settlement. The platform itself has yet to launch; details are still to be revealed.

    Open source
  8. FC

    Frank Chaparro@fintechfrankPost on X 路

    The New York Stock Exchange has selected Avalanche ($AVAX) as the exclusive blockchain for settling tokenized U.S. stocks on its upcoming 24/7 trading platform, according to the WSJ. NYSE cited Avalanche鈥檚 speed, throughput and compliance capabilities. The platform is targeting a Q4 launch, pending regulatory approval, with instant settlement and stablecoin funding.

    Open source
  9. CB

    Coin Bureau@coinbureauPost on X 路

    鈿★笍JUST NOW: The NYSE reportedly plans to use the Avalanche blockchain to settle trades in tokenized stocks, per Odaily. $AVAX jumped 6% to $8.65 in the last 15 minutes. It is up over 10% in the past 4 hours, adding about $350 MILLION in market cap today. https://t.co/9zKdgSpcU7

    Open source
  10. CB

    Crypto Briefing@Crypto_BriefingPost on X 路

    馃敟JUST IN: NYSE will use the Avalanche blockchain to settle tokenized stocks after about a year of testing. https://t.co/vRCuMOvIad

    Open source
  11. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: 馃嚭馃嚫 The New York Stock Exchange reportedly plans to use Avalanche $AVAX to SETTLE TOKENIZED STOCK TRADES, according to Odaily! 馃敟 $AVAX surged 6% to $8.65 in just 15 MINUTES and is up over 10% in the past 4 hours! The rally has reportedly added $350 MILLION to Avalanche's market cap today.

    Open source
  12. WB

    Wu Blockchain@WuBlockchainPost on X 路

    Avalanche to Serve as Core Ledger for NYSE-Affiliated Tokenized Securities Platform Ava Labs said Avalanche will provide the core blockchain ledger technology for clearing and settlement on an upcoming tokenized securities platform affiliated with the New York Stock Exchange. The platform is designed to support 24/7 trading, clearing and settlement of tokenized equities issued across multiple blockchains, subject to regulatory approval.

    Open source