Add as a preferred source on GoogleAva Labs Says Avalanche Will Provide Ledger for NYSE-Linked Securities Venue
The planned venue is designed for 24/7 trading, clearing and settlement, including tokenized stocks issued across multiple blockchains. Operations remain subject to regulatory approval.
Ava Labs announced Nov. 9 that Avalanche will provide the core ledger technology for the clearing firm of a planned digital securities platform affiliated with the New York Stock Exchange (NYSE).
The venue is designed to support trading, clearing and settlement around the clock. It is also intended to handle tokenized stocks issued on different blockchains.
The NYSE had tested Avalanche for the planned platform. The platform’s operation remains subject to regulatory approval.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.