Avalanche secures NYSE-linked tokenisation infrastructure role
By Jon CuthbertKey points
- Avalanche (AVAX) will provide core ledger technology for an upcoming NYSE-affiliated digital securities trading platform.
- The infrastructure will support clearing and settlement for tokenised securities, subject to regulatory approvals.
- The planned platform aims to enable 24/7 trading and settlement, extending blockchain technology into traditional equity market infrastructure.
Avalanche (AVAX) will power the clearing and settlement infrastructure for the NYSE-affiliated digital securities platform.
The proposed platform targets round-the-clock trading, clearing and settlement, subject to regulatory approvals.
“Avalanche meets all those needs,” according to Dennis Lee, Head of Digital Issuance at NYSE.
The selection reflects requirements for transaction speed, predictable costs, controlled participation and reliable trade settlement.
The platform will support equities listed across multiple blockchains, while Avalanche handles the ledger recording and settling trades.
Ava Labs said Avalanche will provide dedicated infrastructure with predictable performance and connectivity to broader asset markets.
The arrangement extends blockchain infrastructure beyond tokenised funds and individual issuances into trading and settlement systems.
Following the update, AVAX was trading up 9.4% at $8.66.
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