Avalanche Lands a Role in NYSE’s Planned Tokenized Stock Venue, Ava Labs Says

The clearing firm for the New York Stock Exchange’s planned tokenized securities venue will keep its books on Avalanche , Ava Labs, the company that builds the blockchain, announced on Monday. The venue is an alternative trading system (ATS), a regulated market for trading securities that is not itself a stock exchange, and an NYSE affiliate is building it. The release says the ATS “will use Avalanche as its blockchain,” with Avalanche providing core ledger technology to the venue’s clearing firm , which the release does not name. Subject to regulatory approval, the platform is designed for 24/7 trading, clearing and settlement for its subscribers. No launch date was given. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter .

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