Update
NYSE Taps Avalanche for Tokenized Securities Platform
The New York Stock Exchange (NYSE) has partnered with Ava Labs, the company behind Avalanche, to use the blockchain for its planned tokenized securities platform. The platform aims to enable 24/7 trading, clearing, and settlement of tokenized securities, with Avalanche serving as the core ledger technology. The NYSE's head of digital issuance, Dennis Lee, noted that the move puts a blockchain underneath the clearing and settlement layer, which is significant for institutional scale.