Tokenized stocks still aren't available to buy
Yesterday morning, U.S. Eastern Time,
Ava Labs issued an official press release
saying Avalanche will provide the technology
for a platform affiliated with the NYSE
The clearing company
will use it as its core ledger
It's still in the works
and must first receive regulatory approval
The plan is to enable
24/7 trading and settlement
Stocks can also be
issued on other chains
The person in charge also said
settlement will use a separate, dedicated chain
not a public chain
So I didn't take
this press release
to mean that $AVAX has already taken over
NYSE stock clearing
I still can't buy this kind of new product either
I don't tie it to $BTC in the short term
I won't buy until approval comes through
#纽交所将用Avalanche结算代币化股票 $AVAX $BTC
Yesterday morning, U.S. Eastern Time,
Ava Labs issued an official press release
saying Avalanche will provide the technology
for a platform affiliated with the NYSE
The clearing company
will use it as its core ledger
It's still in the works
and must first receive regulatory approval
The plan is to enable
24/7 trading and settlement
Stocks can also be
issued on other chains
The person in charge also said
settlement will use a separate, dedicated chain
not a public chain
So I didn't take
this press release
to mean that $AVAX has already taken over
NYSE stock clearing
I still can't buy this kind of new product either
I don't tie it to $BTC in the short term
I won't buy until approval comes through
#纽交所将用Avalanche结算代币化股票 $AVAX $BTC
