A platform affiliated with the NYSE has selected Avalanche ($AVAX ) as the clearing and settlement ledger for tokenized securities, marking a step by a traditional exchange to put core market infrastructure on-chain.
1. Ava Labs announced on November 9 that Avalanche will provide the core ledger technology for the clearing agency of an upcoming digital alternative trading system (ATS) affiliated with the NYSE.
2. Subject to the necessary regulatory approvals, the platform plans to offer subscribers around-the-clock trading, clearing, and settlement. Dennis Lee, head of digital issuances at the NYSE, said the platform will support stocks issued on multiple blockchains, but the ledger responsible for recording and settling trades needs to be fast and reliable, able to control participants, and keep costs predictable. Avalanche meets these requirements.
3. According to CoinDesk’s interview with Ava Labs Chief Business Officer John Nahas, settlement will use a custom chain based on Avalanche technology and operated by the NYSE, rather than the Avalanche public blockchain directly. The platform is still awaiting regulatory approval and has not yet launched.
For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#AVAX #RWA #代币化 #纽交所 #CryptoMarket
1. Ava Labs announced on November 9 that Avalanche will provide the core ledger technology for the clearing agency of an upcoming digital alternative trading system (ATS) affiliated with the NYSE.
2. Subject to the necessary regulatory approvals, the platform plans to offer subscribers around-the-clock trading, clearing, and settlement. Dennis Lee, head of digital issuances at the NYSE, said the platform will support stocks issued on multiple blockchains, but the ledger responsible for recording and settling trades needs to be fast and reliable, able to control participants, and keep costs predictable. Avalanche meets these requirements.
3. According to CoinDesk’s interview with Ava Labs Chief Business Officer John Nahas, settlement will use a custom chain based on Avalanche technology and operated by the NYSE, rather than the Avalanche public blockchain directly. The platform is still awaiting regulatory approval and has not yet launched.
For informational purposes only; not investment advice. DYOR. Use official channels only, and don’t click unfamiliar claim links.
#AVAX #RWA #代币化 #纽交所 #CryptoMarket