The New York Stock Exchange plans to use Avalanche as the core ledger for clearing and settling trades on its forthcoming tokenized securities platform, according to a November 9 announcement reported by CoinDesk and The Block. Avalanche will provide ledger technology to the clearing firm supporting the planned NYSE-affiliated alternative trading system. The venue is designed for round-the-clock trading, instant settlement and stablecoin funding, and to support stocks issued on multiple blockchains, so Avalanche is the settlement layer rather than the only network involved.
NYSE’s head of digital issuance, Dennis Lee, said the exchange is picking the right technology for each job and needed a ledger that is fast, has predictable costs and controls who can participate. Ava Labs CEO Emin Gun Sirer said Avalanche will serve the platform’s 24/7 atomic settlement needs with dedicated infrastructure and predictable performance and costs.
The selection follows comments in September by Ava Labs president Charley Cooper, who said NYSE had spent a year testing Avalanche but did not confirm a choice. Last week NYSE added Broadridge, Computershare, Equiniti and Superstate to its transfer agent network, alongside Securitize and tZERO.
Caveats apply. Round-the-clock trading and settlement remain subject to regulatory approval, and no approval has been reported. The Block cited the Wall Street Journal for a fourth-quarter 2026 target, which it did not independently confirm. Financial terms were not disclosed. AVAX was up about 8% over 24 hours at the time of reporting. CoinDesk’s parent company Bullish is acquiring Equiniti, a conflict CoinDesk disclosed.
Track the market yourself with AiTraderView’s FREE tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings. Just create a FREE account and try them yourself!
Sources:
⚠️ RISK WARNING & AI DISCLOSURE
- This information is generated by Artificial Intelligence (AI) and complex algorithms. While advanced, these systems can contain errors or inaccuracies and are for educational purposes only.
- Technical analysis provides no guarantees; this information is purely informative.
- All discussed scenarios are hypothetical and do not constitute predictions or expectations.
- Past performance is not an indicator of future results.
- This is not financial advice and is not intended as a call-to-action for the reader.
- No implicit direction is claimed, and no specific behavior of market participants is suggested.