【NYSE Selects Avalanche as Wall Street Prepares to Move Its Stock Market On-Chain】
The NYSE has selected Avalanche to provide the clearing and settlement ledger technology for its tokenized securities trading platform, with the goal of enabling round-the-clock stock trading and near-instant settlement. The infrastructure underpinning traditional stock markets is moving on-chain.
The platform also plans to support stablecoin deposits, fractional share trading, and stocks issued on different blockchains. Note that Avalanche is responsible for the underlying clearing and settlement infrastructure, while the NYSE will continue to use its own matching system. CoinDesk reported that the actual deployment will use a dedicated chain customized with Avalanche technology, rather than moving trading directly onto the public mainnet.
For $AVAX , institutional adoption offers valuable industry validation, but it does not mean that the platform's trading volume will directly translate into buying pressure for AVAX. On November 11, AVAX was trading at around $8.45, still down more than 20% over the past 30 days. What really matters going forward is whether the platform gets approval to launch, and whether the dedicated chain's operation creates real demand for the AVAX token.
The biggest significance of this development is that Wall Street is beginning to seriously adopt blockchain to rework securities settlement, rather than simply issuing a few tokenized funds. Avalanche has secured an important institutional entry ticket, but whether that ultimately shows up in the token's price will depend on its value-capture mechanism.
#纽交所将用avalanche结算代币化股票
The NYSE has selected Avalanche to provide the clearing and settlement ledger technology for its tokenized securities trading platform, with the goal of enabling round-the-clock stock trading and near-instant settlement. The infrastructure underpinning traditional stock markets is moving on-chain.
The platform also plans to support stablecoin deposits, fractional share trading, and stocks issued on different blockchains. Note that Avalanche is responsible for the underlying clearing and settlement infrastructure, while the NYSE will continue to use its own matching system. CoinDesk reported that the actual deployment will use a dedicated chain customized with Avalanche technology, rather than moving trading directly onto the public mainnet.
For $AVAX , institutional adoption offers valuable industry validation, but it does not mean that the platform's trading volume will directly translate into buying pressure for AVAX. On November 11, AVAX was trading at around $8.45, still down more than 20% over the past 30 days. What really matters going forward is whether the platform gets approval to launch, and whether the dedicated chain's operation creates real demand for the AVAX token.
The biggest significance of this development is that Wall Street is beginning to seriously adopt blockchain to rework securities settlement, rather than simply issuing a few tokenized funds. Avalanche has secured an important institutional entry ticket, but whether that ultimately shows up in the token's price will depend on its value-capture mechanism.
#纽交所将用avalanche结算代币化股票