NYSE Tests Avalanche for Potential Tokenized Securities Platform

The New York Stock Exchange (NYSE) has spent the past year testing Avalanche blockchain technology to evaluate its infrastructure for a planned tokenized-securities platform. Ava Labs President Charley Cooper noted that the testing involved integrating Avalanche with NYSE systems to assess technical and economic viability. While NYSE parent company Intercontinental Exchange (ICE) is working closely with Ava Labs and tZERO, no final selection of a blockchain provider has been confirmed. The proposed system aims to support the trading and on-chain settlement of tokenized U.S. equities and ETFs.