NYSE Taps Avalanche for 24/7 Tokenized Stock Settlement, Sending AVAX Up Nearly 10%

The NYSE is driving Avalanche even deeper into traditional NYSE infrastructure. The blockchain will form the base, or ledger, of the clearing house for the planned tokenized securities platform from NYSE, which aims to offer 24/7 trading and settlement. The announcement quickly spilled into crypto markets, with AVAX rallying sharply as traders priced in one of Avalanche’s highest-profile institutional integrations to date. In addition to that, NYSE will retain the same technology used for its trades matching centers, and use Avalanche to record and settle trades onchain.