NYSE Selects Avalanche to Settle Trades on Planned 24/7 Stock Venue

NYSE has selected Avalanche as the sole settlement ledger for its planned 24/7 venue for tokenized stock trading, assigning trade settlement to one blockchain while allowing securities to be listed across multiple networks.

Under the planned structure, tokenized stocks may appear on different blockchains, but trades on the venue would settle on Avalanche. Listing and settlement are separate parts of the setup: a stock can be available across networks while one ledger handles settlement. That distinction allows listings across blockchains without changing the venue’s single planned settlement choice. Avalanche would be the settlement network for trades on the venue, not the exclusive network for listing tokenized stocks.

NYSE’s planned venue would operate around the clock. The selection puts Avalanche into the settlement design of the exchange’s tokenized-securities initiative, bringing blockchain infrastructure into a major U.S. stock-market operator’s plans. The platform remains planned, and the selection describes the intended settlement arrangement for its tokenized-stock trades.