NYSE to settle tokenized stocks on Avalanche, targeting Q4 launch

The New York Stock Exchange said Monday that it will settle tokenized stocks on its upcoming 24/7 trading platform exclusively using the Avalanche blockchain, per a Wall Street Journal exclusive that Avalanche amplified on its official X account. An NYSE-affiliated platform is building its core clearing and settlement layer on Avalanche technology, supporting 24/7 trading, clearing, and settlement of tokenized U.S. equities and ETFs, targeting a Q4 launch; the NYSE confirmed the arrangement on its own X account.

• Per LowBeta, the deal is exclusive: NYSE tested multiple options and chose Avalanche for its speed and throughput after roughly a year of evaluation with ICE, including tests against the exchange's Pillar matching engine.
• Avalanche Foundation welcomed the NYSE to the network, calling it "an important milestone in bringing global financial markets onchain"; NYSE's Head of Digital Issuance cited Avalanche's speed, permissioning, predictable costs, and developer community.
• Coverage continued to roll out after the announcement: Fintech TV reported that Avalanche is set to become the core settlement layer for the NYSE-affiliated platform, a segment Avalanche reshared on X. The platform remains subject to regulatory approvals.