The NYSE picked Avalanche. The real question is whether AVAX benefits
Big week for $AVAX
. On Nov 9, Ava Labs announced that Avalanche will be the core ledger technology for a tokenized securities platform being built by ICE, the company that owns the New York Stock Exchange.
The plan is 24/7 trading, clearing and settlement of tokenized stocks. It still needs regulatory approval and there's no launch date yet. AVAX jumped somewhere between 4% and 12% on the news, depending on the source.
Here's the part most posts skip:
According to a GSR analyst, the trading itself will happen off-chain. And the NYSE activity will run on dedicated Avalanche infrastructure, not the public C-Chain where most of the network's activity lives.
So a huge name using your tech doesn't automatically mean more demand for the token. One analyst put it simply: the main question is whether Avalanche can "capture value."
My take: getting picked by the NYSE after a year of testing is a real win for credibility. But "big partner" and "token goes up long term" are two different things, and I'd want to see how AVAX is actually used in this setup.
Does a Wall Street partnership make you more bullish on a token, or do you wait to see real usage?
$AVAX $BTC
#Avalanche #Tokenization #NYSE #Write2Earn
Big week for $AVAX
. On Nov 9, Ava Labs announced that Avalanche will be the core ledger technology for a tokenized securities platform being built by ICE, the company that owns the New York Stock Exchange.
The plan is 24/7 trading, clearing and settlement of tokenized stocks. It still needs regulatory approval and there's no launch date yet. AVAX jumped somewhere between 4% and 12% on the news, depending on the source.
Here's the part most posts skip:
According to a GSR analyst, the trading itself will happen off-chain. And the NYSE activity will run on dedicated Avalanche infrastructure, not the public C-Chain where most of the network's activity lives.
So a huge name using your tech doesn't automatically mean more demand for the token. One analyst put it simply: the main question is whether Avalanche can "capture value."
My take: getting picked by the NYSE after a year of testing is a real win for credibility. But "big partner" and "token goes up long term" are two different things, and I'd want to see how AVAX is actually used in this setup.
Does a Wall Street partnership make you more bullish on a token, or do you wait to see real usage?
$AVAX $BTC
#Avalanche #Tokenization #NYSE #Write2Earn