NYSE Plans Avalanche Ledger for Tokenized Securities Settlement

The New York Stock Exchange plans Avalanche-based settlement for tokenized securities, adding a major U.S. exchange as Formation pursues Solana trading and Five North completed a Canton Network stock sale. On Monday, Nov. 9, the NYSE announced plans to use Avalanche as the ledger for clearing and settling trades. The exchange is targeting a launch in the fourth quarter of 2026, with trading planned 24 hours a day, seven days a week. Formation filed with the Securities and Exchange Commission for a venue to trade tokenized stocks on Solana, with a target launch in early 2027. The filing seeks an innovation exemption; it does not establish that the SEC has approved the venue. On Nov.

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