Update
NYSE Names Avalanche for Tokenized Securities Venue
The New York Stock Exchange (NYSE) has selected Avalanche as the ledger for clearing and settling trades on its planned tokenized securities venue. The design will integrate the Pillar matching engine with integrated custody, 24/7 trading, instant settlement, and stablecoin funding, pending regulatory approval. Dennis Lee, Head of Digital Issuance, will lead the program for issuer-sponsored onchain shares, partnering with corporates, asset managers, and ecosystem providers. His background includes experience in equities sales, risk management, and strategy at various financial institutions.