Add as a preferred source on GoogleNYSE Plans Avalanche Ledger for Tokenized Securities Settlement
The platform is targeted to launch in the fourth quarter of 2026 with round-the-clock trading. Formation is pursuing a separate Solana-based trading venue for early 2027.
The New York Stock Exchange plans Avalanche-based settlement for tokenized securities, adding a major U.S. exchange as Formation pursues Solana trading and Five North completed a Canton Network stock sale.
On Monday, Nov. 9, the NYSE announced plans to use Avalanche as the ledger for clearing and settling trades. The exchange is targeting a launch in the fourth quarter of 2026, with trading planned 24 hours a day, seven days a week.
Formation filed with the Securities and Exchange Commission for a venue to trade tokenized stocks on Solana, with a target launch in early 2027. The filing seeks an innovation exemption; it does not establish that the SEC has approved the venue.
On Nov. 4, Five North completed a sale of tokenized CNTN stock to DRW Cumberland on TSV, a permissioned venue on Canton Network. The three efforts address different functions: the NYSE plan covers clearing and settlement, Formation is seeking a trading venue, and Five North’s sale took place on a permissioned venue.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.