Avalanche Selected as Settlement Ledger for NYSE-Affiliated Tokenized Securities Venue

TL;DR Avalanche will provide core ledger technology to the clearing firm behind an upcoming NYSE-affiliated tokenized securities venue supporting 24/7 trading, clearing and onchain settlement. The platform can support equities issued across multiple blockchains, while Avalanche records and settles trades with participant controls, predictable costs and institutional infrastructure. The venue remains subject to regulatory approvals, and its targeted fourth-quarter launch means Avalanche’s role is confirmed before live trading officially begins. Avalanche has been selected to provide ledger technology for the clearing firm behind an upcoming NYSE-affiliated alternative trading system for tokenized securities. According to the official announcement , the venue is designed for 24/7 trading, clearing and onchain settlement, subject to approvals. Avalanche will underpin the ledger that records and settles trades rather than serving only as an issuance network.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.