The New York Stock Exchange (NYSE) has picked Avalanche as the only blockchain to settle tokenized stocks on its planned 24/7 trading platform, The Wall Street Journal reported on Monday.
Tokenized stocks are blockchain tokens that track shares of real companies. The NYSE version would let investors trade U.S. stocks around the clock, settle trades instantly and pay with stablecoins, digital tokens that hold a steady $1 value.
The New York Stock Exchange has selected Avalanche ($AVAX) as the exclusive blockchain for settling tokenized U.S. stocks on its upcoming 24/7 trading platform, according to the WSJ. NYSE cited Avalanche’s speed, throughput and compliance capabilities. The platform is targeting… pic.twitter.com/uE4S3X5lnn
— Frank Chaparro (@fintechfrank) November 9, 2026
AVAX jumped on the news. It rose 4.3% in the minute the reports hit at 12:30 UTC, and it trades at $8.79 on Binance, up 11% on the day while Bitcoin and Ether are down.
The pick lands on a chain that holds only a small slice of the market today. Avalanche carries $179 million of the $3.73 billion in tokenized shares tracked by rwa.xyz. That is 4.8% of the market, down from 10.3% a month ago.
So can the NYSE deal make Avalanche the main home for these tokens?
NYSE Wants Stocks to Trade Around the Clock
The plan is not new, but the blockchain is. NYSE owner Intercontinental Exchange (ICE) first announced the platform in January and said it would seek regulatory approval.
Trading hours: 24 hours a day, seven days a week.
Settlement: instant, instead of the one business day U.S. stock trades take today.
Orders: sized in dollars, so investors can buy a slice of a share.
Payment: investors could fund trades with stablecoins as well as ordinary dollars.
The tokens would not be copies. ICE said they would be interchangeable with ordinary shares and carry the same dividend and voting rights.
NYSE picked Avalanche for its speed, the number of trades it can handle, and its tools for meeting regulatory rules, the Journal reported. The platform is aiming for a fourth-quarter launch, but it still needs regulators’ approval.
ICE has also signed up Securitize to issue tokenized shares for companies and funds, under a deal announced this year.
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Avalanche Holds Just 4.8% of Tokenized Stocks Today
The NYSE deal would be a big step up. We pulled the latest network breakdown from rwa.xyz, which tracks tokenized shares that investors can hold in their own wallets.
BNB Chain: $1.69 billion, or 45.3% of the market, up from 35.2% a month ago.
Ethereum: $747 million, or 20.0%.
Solana: $575 million, or 15.4%.
Avalanche: $179 million, or 4.8%, level with Arbitrum and down from 10.3% a month ago.
The market itself is still small next to the stock market. All the tokens it tracks add up to $3.73 billion, held by about 4.8 million wallet addresses.
The NYSE could change that scale. Every share settled through its platform would move on Avalanche, which no other chain can claim today.
There is a catch. Companies can refuse to have their shares tokenized. On OKXICE, a separate venue from OKX and ICE, 33 of the 62 companies first named had objected by late October.
Discover: JPMorgan and Coca-Cola Block Tokenized Stocks on OKXICE as Objectors Hit 33. Coinbase and Robinhood Stay Out of the List
AVAX Price Analysis: Can AVAX Break $9.05?
Not yet. AVAX trades at $8.79 on Binance, up 11% from Monday’s opening price of $7.94, its best day since September 20.
The buying was heavy. In the hour that started at 12:00 UTC, about $11.8 million of AVAX changed hands on Binance. That is about 16 times a typical hour and the third-busiest hour in the past 1,000.
On the daily chart, AVAX is just below both of its exponential moving averages (EMAs), averages that weight recent prices more. The 50-day and 200-day EMAs both sit at about $9.05, so one level now does the work of two.
Resistance: $8.88, Monday’s high, then $9.05, both EMAs. Above that, $9.16, the November 4 high.
Support: $8.00, then $7.77, Sunday’s low. Below that, $7.17.
AVAXUSDT 1D chart. Source: TradingView
Scenario Condition Where it could lead Advance A daily close above $9.05 $9.16, then $9.60 Pause AVAX holds between $8.00 and $9.05 A range under both EMAs Retreat A daily close below $8.00 $7.77, Sunday’s low
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For tokenized stocks, the NYSE pick is the biggest vote yet for a single chain. For AVAX, the test is whether buyers can push it above $9.05 once the initial excitement fades.
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