The New York Stock Exchange selected Avalanche to record and settle trades on its planned round-the-clock platform for tokenized stocks, according to a Cointelegraph report published on November 10, 2026, at 01:41:02 UTC+8. The platform remained subject to regulatory approval, with a possible launch before the end of 2026.
The announcement on Monday sent Avalanche’s AVAX token up as much as 10%, making it the strongest performer among the 100 largest cryptocurrencies by market capitalization at that point.
Settlement infrastructure, not a single-chain listing platform
According to Ava Labs, the NYSE’s planned platform would support digital versions of stocks issued across different blockchains. Avalanche would provide the ledger used to record trades and complete settlement.
Dennis Lee, NYSE’s head of digital issuance, said the exchange needed a fast, reliable settlement ledger with controls over participation, predictable costs and a substantial developer community. He said Avalanche met those requirements.
“At the NYSE, we’re looking at how blockchain technology can expand what we offer in equities, and we’re picking the right technology for each job,” Lee said in the announcement.
The exchange first announced plans for the platform in January. In September, Ava Labs disclosed that NYSE had spent about a year testing Avalanche, but the blockchain’s selection was not confirmed until Monday.
The Wall Street Journal reported that the platform could launch before the end of 2026 if it received regulatory approval. The announcement therefore represented a technology selection for a planned service, rather than confirmation of an operating platform or regulatory clearance.
John Nahas, chief business officer at Ava Labs, told Cointelegraph that initial conversations with the NYSE team began nearly a year earlier. He described the project as an important step toward blockchain becoming foundational financial infrastructure.
AVAX gains alongside the announcement
AVAX later eased to $8.86 but remained up more than 8% on the day, according to CoinGecko data cited in the report as of 15:22 UTC. Its market capitalization stood at approximately $3.95 billion, with $439.7 million traded over the preceding day.
Separately, DeFiLlama data put the total value locked on Avalanche at $633 million, an increase of 4% over 24 hours.
Broader moves toward tokenized securities
The NYSE project formed part of a wider push by financial institutions to extend stock trading beyond regular hours and speed up settlement. The report contrasted that ambition with traditional US stock-market hours of 9:30 a.m. to 4 p.m. EST on weekdays and settlement often taking at least one business day.
Other initiatives cited in the report included:
- Nasdaq and Payward: In September, Nasdaq announced plans to invest $100 million in Kraken parent Payward for a tokenized-stock project expected to launch 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 backed by trusted market infrastructure and extending DTC’s resilience, governance and operational standards into digital markets.
- Progmat: In July, the Japanese financial technology company announced that it had moved more than 452 billion yen in digital securities onto a dedicated Avalanche blockchain.
- Aave Labs: In September, it announced plans for an Avalanche lending service that would allow financial firms to borrow Tether’s USAT stablecoin against tokenized assets.
Original article: Cointelegraph — published November 10, 2026, at 01:41:02 UTC+8.