The New York Stock Exchange announced it will settle tokenized stocks on its upcoming 24/7 trading platform exclusively using the Avalanche blockchain. This move marks a significant step toward integrating traditional finance with decentralized technology. The platform aims to offer continuous trading, breaking away from standard market hours.
Avalanche was selected for its scalability and transaction speed, crucial for handling high-volume stock settlements. The NYSE has not disclosed a launch date but confirmed the blockchain partnership is final. This development could reshape how digital assets are traded and settled in regulated environments.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing