Avalanche to Supply the Settlement Ledger for NYSE-Affiliated Tokenized Stock Venue

Ava Labs said on Nov. 9 that Avalanche will provide the core ledger technology to the clearing firm of the NYSE-affiliated digital alternative trading system now in development, making the blockchain the layer that records and settles trades in tokenized equities if the platform clears its regulatory approvals. The disclosure came in a Nov. 9 announcement from Ava Labs , issued from New York. It separates two jobs that tokenization pitches usually bundle together: issuing a tokenized share on some chain, and settling a trade in that share on a ledger both counterparties trust.