The New York Stock Exchange plans to use Avalanche for the clearing infrastructure behind its forthcoming tokenized securities platform, according to Ava Labs, the company behind the blockchain.
As reported by Decrypt on November 9, 2026, Ava Labs said Avalanche would provide the “core ledger technology” for the clearing firm supporting an NYSE-affiliated digital trading venue. The platform remains subject to regulatory approval.
A blockchain beneath trade settlement
NYSE parent Intercontinental Exchange (ICE) previously said the platform was being developed to support round-the-clock trading, clearing and settlement of tokenized securities.
The distinction is where the blockchain sits. Rather than simply representing a stock or fund as a token, Avalanche would underpin the clearing and settlement layer—the infrastructure that records and finalizes trades. The platform aims to bring tokenized-equity clearing onchain at institutional scale.
Dennis Lee, NYSE’s head of digital issuance, said the exchange was “picking the right technology for each job.” Although the planned platform would support equities listed across multiple blockchains, he said its trade-recording and settlement ledger needed speed, reliability and control over who could participate.
Ava Labs founder and CEO Emin Gün Sirer described the arrangement as evidence that blockchains could support market infrastructure as well as financial products. He cited Avalanche’s “24/7 atomic settlement” and predictable costs. Those are his stated reasons for the technology’s suitability, not evidence that the planned venue is already operational.
Other tokenized-stock efforts face limits
The NYSE separately tapped Blockchain.com to reach crypto investors with tokenized stocks and ETFs. ICE and crypto exchange OKX are also planning a 24/7 tokenized-stock venue under an SEC exemption, while Morgan Stanley has moved to tokenize securities.
The OKX–ICE effort has encountered resistance: 67 companies in total opted out of having their shares tokenized on that venue, including all seven Magnificent Seven companies. Apple and Meta were among them.
Market demand also remains uneven. An IMF study found genuine appetite for tokenized stocks, but also volatility and limited liquidity. That leaves an important distinction between building infrastructure capable of continuous settlement and having a liquid market using it.
Original source: Decrypt, published November 9, 2026, at 23:49:22 UTC+08:00.