Avalanche will serve as the core ledger technology for an upcoming tokenized securities platform affiliated with the New York Stock Exchange (NYSE) providing the blockchain infrastructure for clearing and settlement.
The initiative marks another step in the integration of decentralized infrastructure into traditional securities markets with tokenization aimed at enabling securities to be
- issued,
- transferred, and
- settled
on-chain.
The platform is designed to support tokenized stocks issued across multiple blockchains while using Avalanche as the underlying ledger for recording and settling transactions. It will also retain NYSE’s existing order-matching infrastructure.
“The upcoming tokenized securities platform shows why this model matters for capital markets,” said Emin Gün Sirer, Chief Executive Officer and Founder at Ava Labs.
“It will support the platform’s 24/7 atomic settlement needs with dedicated infrastructure with predictable performance and costs, the control to meet its regulatory and operational requirements, and connectivity to a broader ecosystem of assets and liquidity. This approach is what technology built for business looks like, with infrastructure designed to support issuance and settlement onchain at the scale global markets demand.”
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The planned system aims to enable 24/7 trading and near-instant settlement with stablecoin-based funding among its proposed features subject to regulatory approval.
The selection follows more than a year of technical evaluations as traditional exchanges expand efforts to bring securities trading and post-trade infrastructure onchain.
“At the NYSE, we’re looking at how blockchain technology can expand what we offer in equities, and we’re picking the right technology for each job,” said Dennis Lee, Head of Digital Issuance, NYSE.
“The upcoming digital trading platform will support equities listed on a range of blockchains, though the ledger that records and settles trades needs to be fast and reliable, let us control who can take part, keep costs predictable, and have a large community of developers behind it. Avalanche meets all those needs.”
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