NYSE Taps Avalanche Blockchain to Settle Tokenized Stocks

Citing The Wall Street Journal, ME News reported on November 10 (UTC+8) that the New York Stock Exchange (NYSE) announced Monday (the 9th) that its upcoming 24/7 tokenized securities trading platform will settle tokenized stocks exclusively on the Avalanche blockchain. The platform will use NYSE's existing technology to match trades and settle them instantly via Avalanche. It still requires regulatory approval and aims to launch in the fourth quarter. NYSE submitted its application for regulatory approval in January this year. (Source: Avalanche)