The New York Stock Exchange is betting on Avalanche for tokenized stocks

The New York Stock Exchange will settle tokenized equities on the Avalanche network, sending AVAX sharply higher on the news. The tie-up gives Avalanche a high-profile role in Wall Street’s push to move traditional securities onto public blockchains. Specific pricing, volume and market-cap figures were not disclosed in the report. The move matters because it pairs the world’s largest exchange with a major layer-1 chain, potentially broadening institutional demand for tokenized assets. Next, watch for details on which stocks will be tokenized, launch timing, and whether AVAX’s gains hold as the initiative moves from announcement to production.