NYSE picks Avalanche to settle tokenized stocks amid Wall Street's blockchain race
Avalanche will serve as the core settlement ledger for the exchange's planned blockchain stock market
4 sources high confidence
Live · updated 44m ago
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| ▼ 0.00% |
| Tether Gold (tokenised gold) | 4,099.13 | ▲ 0.48% |
| Ondo USDY (tokenised treasuries) | 1.1500 | ▼ 0.01% |
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Avalanche’s AVAX token rose as much as 10% after the NYSE selected its blockchain to support settlement on a planned tokenized stock trading platform.
Avalanche will serve as the core settlement ledger for the exchange's planned blockchain stock market
Launch is expected in early 2027, with tokenized shares of Exodus Movement, Forward Industries, and Galaxy Digital among initial offerings.
