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NYSE taps Avalanche to settle tokenized stocks on planned 24/7 market

The New York Stock Exchange has selected Avalanche to provide the core ledger technology for the clearing firm of its affiliated tokenized-securities platform, which is planned to operate a 24/7 market. The arrangement makes Avalanche the settlement layer for NYSE’s tokenized-stock clearing operations.

Original source

AI take

The notable signal is institutional venue selection rather than the technology itself: a major exchange choosing a public blockchain as settlement infrastructure gives tokenized equities a clearer path toward mainstream clearing rails. That matters most for market makers, clearing members and tokenization platforms already weighing which chain to build around, since venue endorsement can shape liquidity and interoperability decisions. The open questions are whether the planned 24/7 market launches as described and whether other exchanges follow with comparable public-ledger commitments.

Generated by AI for reference only.

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