The New York Stock Exchange selected Avalanche to record and settle trades on a planned platform for round-the-clock trading of tokenized stocks, according to Cointelegraph’s report published on November 10, 2026, at 01:41:02 UTC+08:00.
The selection, confirmed on Monday, November 9, was an infrastructure decision—not a platform launch. The Wall Street Journal reported that the service could launch before the end of 2026, subject to regulatory approval.
How the planned platform fits together
The NYSE platform is intended to support digital versions of equities listed across multiple blockchains. Avalanche would provide the ledger used to record trades and complete settlement, according to Ava Labs.
That separates two roles: stocks could be represented on different blockchains, while Avalanche would underpin the platform’s trade-recording and settlement functions.
Dennis Lee, NYSE’s head of digital issuance, said the exchange needed a ledger with speed, reliability, predictable costs, a substantial developer community and control over who could participate. He said Avalanche met those requirements. Those are the exchange’s stated selection criteria, rather than independently demonstrated operating results for the planned platform.
The initiative targets longer trading availability and faster settlement. The report contrasted its round-the-clock ambitions with traditional US stock-market hours of 9:30 a.m. to 4 p.m. EST on weekdays and settlement that often takes at least one business day.
From testing to selection
NYSE first announced plans for the platform in January 2026. In September, Ava Labs disclosed that the exchange had spent about a year testing Avalanche, but the blockchain’s final selection was not confirmed until November 9.
Separately, Ava Labs chief business officer John Nahas told Cointelegraph that his company’s first conversations with the NYSE team began nearly a year earlier. He described the work as a step toward blockchain becoming foundational financial infrastructure.
At the time of the report, regulatory approval remained a condition of the potential launch. The announcement established the intended infrastructure provider; it did not establish that investors could already use the service.
AVAX rose as the announcement landed
Avalanche’s AVAX token gained as much as 10% on Monday, making it the strongest performer among the 100 largest cryptocurrencies by market capitalization, according to the report.
By 3:22 p.m. UTC, AVAX had eased to $8.86 but remained up more than 8% for the day, CoinGecko data showed. Its market capitalization was around $3.95 billion, with $439.7 million in trading volume over the preceding day.
Separately, DeFiLlama put Avalanche’s total value locked at $633 million, up 4% over 24 hours. These figures describe the market and network snapshot in the original report, not current conditions.
The wider tokenized-securities map
The NYSE plan sat alongside several other financial-infrastructure initiatives described in the report:
- Nasdaq and Kraken’s parent: In September, Nasdaq announced plans to invest $100 million in Payward to launch tokenized stocks, with a launch expected in the second quarter of 2027.
- DTCC: In October, the Depository Trust & Clearing Corporation launched a service allowing financial firms to turn traditional securities into digital tokens. CEO Frank La Salla described it as bringing tokenized securities into a regulated framework supported by established market infrastructure.
- Progmat on Avalanche: In July, the Japanese financial technology company said it had moved more than 452 billion yen worth of digital securities onto a dedicated Avalanche blockchain.
- Aave Labs on Avalanche: In September, Aave Labs announced plans for a lending service that would let financial firms borrow Tether’s USAT stablecoin against tokenized assets.
These developments were at different stages: some were announced plans, while others were reported launches or asset migrations. For NYSE’s platform specifically, the documented milestone was Avalanche’s selection, with launch still conditional on approval.
Original source: Cointelegraph, published November 10, 2026, at 01:41:02 UTC+08:00.