The New York Stock Exchange selected Avalanche to record and settle trades on its planned platform for round-the-clock trading in tokenized stocks, according to a Cointelegraph report published on November 10, 2026, at 01:41:02 UTC+8.
The selection, confirmed on Monday, concerns the platform’s settlement infrastructure—not a requirement that every stock token be issued on Avalanche. The platform is intended to support digital versions of equities listed across multiple blockchains.
What changes for trading and settlement
According to Ava Labs, Avalanche will keep the platform’s trade records and help complete transactions. Dennis Lee, NYSE’s head of digital issuance, said the exchange needed a ledger that was fast and reliable, allowed control over participation, kept costs predictable and had a substantial developer community.
For investors, the proposed platform would make stock trading available outside conventional exchange hours. The report contrasted that ambition with traditional US stock-market hours of 9:30 a.m. to 4 p.m. Eastern on weekdays and settlement that often takes at least one business day.
Those are plans, not an available service. The platform could launch before the end of 2026 if it receives regulatory approval, according to The Wall Street Journal. The supplied report does not specify wallet requirements, transaction-authorization steps, custody arrangements or investor fees.
NYSE first announced plans for the platform in January. In September, Ava Labs disclosed that the exchange had spent about a year testing Avalanche; the final selection was not confirmed until Monday. Ava Labs chief business officer John Nahas told Cointelegraph that initial conversations with the NYSE team began nearly a year earlier.
AVAX rose following the announcement
Avalanche’s AVAX token gained as much as 10% on Monday, leading the 100 largest cryptocurrencies by market capitalization. It later eased to $8.86, still more than 8% higher on the day, according to CoinGecko data cited as of 3:22 p.m. UTC.
At that snapshot, AVAX had a market capitalization of approximately $3.95 billion and 24-hour trading volume of $439.7 million. Avalanche’s total value locked was $633 million, up 4% over 24 hours, according to DeFiLlama.
Part of a broader tokenized-securities push
The NYSE project sits alongside several other initiatives described in the report:
- Nasdaq and Payward: In September, Nasdaq announced plans to invest $100 million in Kraken’s parent company, Payward, for a tokenized-stock project expected to launch in the second quarter of 2027.
- DTCC: In October, the Depository Trust & Clearing Corporation launched a service allowing financial firms to turn traditional securities into digital tokens. CEO Frank La Salla described it as bringing tokenized securities into a regulated framework supported by established market infrastructure.
- Progmat: In July, the Japanese financial technology company announced that it had moved more than 452 billion yen in digital securities onto a dedicated Avalanche blockchain.
- Aave Labs: In September, it announced plans for a lending service on Avalanche that would allow financial firms to borrow Tether’s USAT stablecoin against tokenized assets.
For the NYSE platform, the key distinction is between where an equity token is listed and where its trades are recorded and settled. Avalanche was selected for the latter role; launch remained conditional on regulatory approval at the time of publication.
Original article: Cointelegraph — published November 10, 2026, at 01:41:02 UTC+8.