NYSE Picks Avalanche to Settle Tokenized Stock Trades on Planned 24/7 Venue
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The New York Stock Exchange has selected Avalanche as the sole settlement layer for its planned 24/7 tokenized stock trading venue, meaning trades will clear on Avalanche even when the underlying equities are issued on other blockchains. The arrangement concentrates settlement activity on Avalanche's network rather than spreading it across the multiple chains where tokenized stocks may be listed. It matters because a major traditional exchange is anchoring its tokenized-equity infrastructure to a single public blockchain, potentially driving transaction volume and demand for AVAX, the network's native token, though the article did not disclose specific volume, TVL or market-cap figures. Watch for the venue's launch timeline, the roster of stocks and chains involved, and whether other exchanges follow NYSE in standardizing settlement on one chain.
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Avalanche (AVAX), NYSE
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