TREE NEWS update: Intercontinental Exchange strategy chief and former NYSE COO Michael Blaugrund said Avalanche meets many of the requirements for the exchange group’s planned on-chain alternative trading system, adding that ICE is in close contact with the Avalanche team. No partnership has been announced and the remarks reflect an ongoing evaluation rather than a selection. ICE disclosed the ATS plan in February, pairing NYSE’s Pillar matching engine with on-chain settlement for 24/7 tokenized stock trading against stablecoins, without naming a blockchain.
ICE Exec Says Avalanche Meets Many NYSE On-Chain ATS Requirements, No Deal Yet
The signal here is architectural rather than commercial: a major exchange group is openly mapping its existing matching engine onto a public chain, which would fold tokenized equities into crypto-style settlement rails rather than a walled-off venue. Avalanche's mention matters because ICE had previously left the chain unnamed, but the absence of a deal keeps this firmly in evaluation territory. The open question is whether ICE's requirements push it toward a single chain or a multi-chain settlement layer — and how incumbent venues and stablecoin issuers position once tokenized equity trading moves from concept to live infrastructure.
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