The New York Stock Exchange’s planned tokenized securities platform will use Avalanche for its clearing infrastructure, Ava Labs said Monday, according to Decrypt’s November 9, 2026 report. The platform is designed for round-the-clock trading, clearing and settlement, but remains subject to regulatory approval.
Ava Labs said Avalanche would provide the “core ledger technology” for the clearing firm behind an NYSE-affiliated digital trading venue. NYSE parent Intercontinental Exchange had previously disclosed that it was developing the platform.
Moving beyond tokenized products
The distinction is where the blockchain sits. Rather than simply issuing a stock or fund as a blockchain-based token, the planned platform would use Avalanche in the clearing and settlement layer—the infrastructure 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 platform is intended to support equities listed across multiple blockchains, he said the ledger recording and settling trades needs speed, reliability and control over who participates.
Ava Labs CEO and founder Emin Gün Sirer presented the arrangement as evidence that blockchains can support market infrastructure as well as financial products. He cited Avalanche’s “24/7 atomic settlement” and predictable costs.
Adoption plans face participation and liquidity limits
The announcement sits alongside several efforts to bring securities markets onchain. The NYSE separately tapped Blockchain.com to reach crypto investors with tokenized stocks and ETFs. ICE and crypto exchange OKX are planning a 24/7 tokenized stock venue under an SEC exemption, while Morgan Stanley has moved to tokenize securities.
Participation is not assured. In the separate OKX–ICE effort, 67 companies opted out in total, including all seven Magnificent Seven companies, among them Apple and Meta.
Liquidity is another constraint. An IMF study cited in the report found genuine demand for tokenized stocks, but also found that they remain volatile and illiquid. The planned infrastructure therefore should not be confused with an already deep, broadly adopted market: regulatory approval, issuer participation and trading liquidity remain distinct considerations.
Original publication: November 9, 2026, at 23:49:22 UTC+08:00. Read the original article at Decrypt.