NYSE has selected Avalanche for clearing and settlement on its planned round-the-clock tokenized securities platform, according to an Ava Labs statement reported by The Block on November 9, 2026. The venue remains subject to regulatory approval.
The platform is being designed for 24/7 trading, clearing and settlement. According to The Wall Street Journal, it is targeting a fourth-quarter launch and will use NYSE’s existing technology to match trades.
Settlement infrastructure, not an exclusive listing network
Avalanche’s role concerns ledger functions for the clearing firm behind the planned venue. NYSE Head of Digital Issuance Dennis Lee said the exchange is evaluating different technologies for different parts of the platform and will support equities listed on a range of blockchains.
Lee said the settlement ledger needs speed, reliability, predictable costs and control over who can participate.
Ava Labs CEO Emin Gün Sirer said the dedicated infrastructure would support the platform’s “24/7 atomic settlement needs,” with predictable performance and costs, controls to meet regulatory and operational requirements, and connectivity to a broader ecosystem of assets and liquidity. Those are the capabilities described by Ava Labs, rather than demonstrated results from an operating venue.
Selection follows roughly a year of testing
In September, Ava Labs President Charley Cooper told The Block that NYSE had spent the previous year testing Avalanche and working with the company on how it could fit into the exchange’s systems. He said NYSE had examined both the project’s economics and technology, but did not confirm a selection at that time.
ICE Head of Strategic Initiatives Michael Blaugrund also said at the time that the exchange operator was “very engaged” with Avalanche.
In the week before the November 9 report, NYSE announced agreements with Broadridge Financial Solutions, Computershare, Equiniti and Superstate to support issuer-sponsored tokenized securities and transfer-agent functions. Securitize and tZERO were already listed as partners.
The reported development is an infrastructure selection for a planned securities market—not a completed launch. Regulatory approval and the distinction between trade matching, settlement and the blockchains hosting listed equities remain central to understanding its scope.
Original publication: November 9, 2026, at 22:06:25 UTC+8. Read the original article at The Block.
