Avalanche will provide the settlement ledger for the NYSE-affiliated tokenized securities platform.
Original headlineAvalanche 将为纽交所关联代币化证券平台提供结算账本
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Avalanche will supply the core ledger technology for the clearing and settlement of tokenized securities on a proposed digital trading platform affiliated with the New York Stock Exchange, Ava Labs announced on November 10. The platform, pending applicable regulatory approvals, plans to offer round-the-clock trading, clearing and settlement, and will support shares issued across multiple blockchains while using Avalanche's technology for the ledger that records and settles trades, according to NYSE head of digital issuance Dennis Lee. The arrangement marks a notable tie-up between a major exchange group and a public blockchain for post-trade infrastructure. Details on launch timing, participating tokens and initial trading volumes were not disclosed.
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Avalanche (AVAX), Ava Labs, New York Stock Exchange, Dennis Lee
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