Avalanche Lands a Role in NYSE’s Planned Tokenized Stock Venue, Ava Labs Says
By Unchained
AI summary of the source article
The clearing firm for the New York Stock Exchange's planned tokenized securities venue will use the Avalanche blockchain as its core ledger. Subject to regulatory approval, the alternative trading system is designed for 24/7 trading, clearing, and settlement.
Why it matters
Ava Labs CEO Emin Gün Sirer stated that the platform's "24/7 atomic settlement needs" would be met with "dedicated infrastructure with predictable performance and costs," along with controls to meet regulatory requirements.
Key facts
- An NYSE affiliate is building an alternative trading system (ATS) that will use Avalanche as its blockchain ledger.
- The venue is designed for 24/7 trading, clearing, and settlement across equities listed on multiple blockchains.
- Ava Labs CEO Emin Gün Sirer stated the platform requires dedicated infrastructure with predictable performance and costs to meet 24/7 atomic settlement needs.
Source excerpt · Unchained
The blockchain will record and settle trades for the venue's unnamed clearing firm, and a statement from NYSE's Dennis Lee in the release says listed equities can come from several chains. The post Avalanche Lands a Role in NYSE’s Planned Tokenized Stock Venue, Ava Labs Says appeared first on Unchained .