⚡ NYSE Parent Selects Avalanche for Tokenized Stock Trading
The New York Stock Exchange (NYSE) parent company, ICE, has selected the Avalanche blockchain to power the clearing and settlement ledger for its upcoming tokenized-securities platform. The Ava Labs announcement confirms Avalanche will provide the core technology for the clearing firm.
The new Alternative Trading System (ATS) aims to offer 24/7 trading, clearing, and immediate settlement. It will combine NYSE’s Pillar matching engine with blockchain-based post-trade systems, supporting features like stablecoin funding and dollar-sized orders.
#Avalanche #AVAX #NYSE #Tokenization
The New York Stock Exchange (NYSE) parent company, ICE, has selected the Avalanche blockchain to power the clearing and settlement ledger for its upcoming tokenized-securities platform. The Ava Labs announcement confirms Avalanche will provide the core technology for the clearing firm.
The new Alternative Trading System (ATS) aims to offer 24/7 trading, clearing, and immediate settlement. It will combine NYSE’s Pillar matching engine with blockchain-based post-trade systems, supporting features like stablecoin funding and dollar-sized orders.
#Avalanche #AVAX #NYSE #Tokenization