Avalanche is set to provide the core ledger technology for the clearing firm behind a planned NYSE-affiliated digital securities venue, according to Ava Labs, the company behind the blockchain.
As reported by Decrypt on November 9, 2026, the platform remains subject to regulatory approval. NYSE parent Intercontinental Exchange (ICE) previously said it was developing the venue to support round-the-clock trading, clearing and settlement of tokenized securities. The announcement describes planned infrastructure—not a live market or evidence of adoption.
Where Avalanche fits
Tokenization means representing traditional assets as blockchain-based tokens. In this case, Avalanche’s proposed role goes beyond issuing a tokenized stock or fund: it would underpin the clearing and settlement machinery that finalizes trades.
Dennis Lee, the NYSE’s head of digital issuance, said the exchange was “picking the right technology for each job.” While the planned platform would support equities listed across multiple blockchains, he said the ledger recording and settling trades needs speed, reliability and the ability to control who participates. The use of blockchain infrastructure therefore should not be read as unrestricted access to the venue.
Ava Labs CEO and founder Emin Gün Sirer presented the agreement as evidence that blockchains can support market infrastructure as well as financial products. He cited Avalanche’s “24/7 atomic settlement” and predictable costs; those are his stated reasons for the technology’s suitability, rather than demonstrated outcomes from the forthcoming venue.
The wider tokenized-stock landscape
The Avalanche announcement sits alongside several related efforts:
- The NYSE separately selected Blockchain.com to reach crypto investors with tokenized stocks and exchange-traded funds.
- ICE and crypto exchange OKX are planning a 24/7 tokenized-stock venue under an SEC exemption.
- Morgan Stanley has moved to tokenize securities.
The OKX–ICE effort has also encountered resistance. All seven Magnificent Seven companies, including Apple and Meta, opted out of having their shares tokenized on that venue. In total, 67 companies opted out, including those seven.
Demand also remains an open question. An IMF study cited in the report found genuine appetite for tokenized stocks, but also volatility and limited liquidity. The distinction for readers tracking this ecosystem is between building settlement infrastructure and establishing an active, liquid market: progress on the former does not establish the latter.
Original report: Decrypt, published November 9, 2026, at 23:49:22 UTC+08:00.