TREE NEWS update: The New York Stock Exchange will use Avalanche technology to settle trades on its forthcoming 24/7 tokenized securities platform, Ava Labs said on Nov. 9. The platform, run as an alternative trading system, targets a fourth-quarter launch pending regulatory approval. NYSE will not settle on Avalanche’s public chain but on a permissioned, custom blockchain built with Avalanche’s L1 tooling, Ava Labs CCO John Nahas said. AVAX rose as high as 9.01 USDT before trading at 8.627 USDT, up 6.86% in 24 hours.
NYSE to settle tokenized stocks on Avalanche-based custom ledger
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AI take
The detail that NYSE is using Avalanche's L1 tooling rather than its public chain is the real signal: institutional settlement rails are converging on permissioned, custom ledgers, with public networks supplying the software stack rather than the venue. That reframes AVAX's move as a bet on infrastructure licensing, not on-chain activity. The fourth-quarter launch remains contingent on regulatory approval, and whether a custom ledger can deliver round-the-clock settlement at exchange scale is the open question.
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