Ava Labs announced on November 9 that Avalanche was selected as the core blockchain ledger for a tokenized securities platform run by a NYSE-affiliated clearing organization.
The clearing organization serves a tokenized securities trading platform that the NYSE is preparing to launch. Avalanche will provide the underlying ledger, not the trading venue.
· What’s confirmed is the selection of the technology provider. Crypto.news has not disclosed the platform’s launch date, participating brokerages, or the range of assets.
· Selecting a blockchain doesn’t mean tokenized stock trading is already underway. The first thing to watch is how clearing will work when the platform officially launches.
Are you more interested in which blockchain was selected, or in how tokenized stocks will be cleared?
$AVAX
The clearing organization serves a tokenized securities trading platform that the NYSE is preparing to launch. Avalanche will provide the underlying ledger, not the trading venue.
· What’s confirmed is the selection of the technology provider. Crypto.news has not disclosed the platform’s launch date, participating brokerages, or the range of assets.
· Selecting a blockchain doesn’t mean tokenized stock trading is already underway. The first thing to watch is how clearing will work when the platform officially launches.
Are you more interested in which blockchain was selected, or in how tokenized stocks will be cleared?
$AVAX
