Ava Labs said the New York Stock Exchange (NYSE) chose Avalanche ledger technology for clearing and settlement at a proposed tokenized-securities venue that remains subject to regulatory approval.
In January, NYSE outlined a digital marketplace where subscribers could access tokenized U.S. shares and exchange-traded funds at any hour. The platform is also intended to handle clearing and settlement, but its launch remains subject to regulatory approval. Intercontinental Exchange is NYSE’s parent.
GSR research analyst Carlos Guzman said the venue would execute trades off-chain, while dedicated Avalanche infrastructure separate from the public C-Chain would handle clearing and settlement. EconoTimes previously covered the venue’s planned settlement-ledger role.
Luther Maday, Mercuryo’s North America head, described an Avalanche evaluation that lasted about a year and assessed performance, reliability and control. Symbiotic founder Misha Putiatin said translating use of the network’s infrastructure into value for Avalanche’s token, AVAX, remains a challenge.
