AVAXBullishNYSE selects Avalanche blockchain for tokenized securities settlementnews
Medium materiality6/10
Dow rallies 900 points as oil slides, tech stocks outside of Nvidia gain
Nov 9, 2026, 10:56 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Choosing Avalanche is a concrete demand signal for that network’s settlement capabilities and could increase usage and economic activity on Avalanche (higher token utility/demand); the ultimate revenue or settlement-volume impact depends on NYSE rollout scope, regulatory approvals and which securities are tokenized.
AI summary
What happened, with direct paths to the underlying reporting
The NYSE chose Avalanche as the primary blockchain for clearing and settlement on its forthcoming tokenized securities trading platform; Avalanche’s token and its proxy vehicle rallied after the announcement.
The New York Stock Exchange selected Avalanche as the primary blockchain network for processing clearing and settlement on its upcoming affiliated tokenized securities alternative trading system.
The announcement said the upcoming digital trading platform will support equities listed on a range of blockchains but the ledger that records and settles trades needs to be fast, reliable, permissioned and have a large developer community.
The price of the Avalanche token (AVAX) jumped 8% following the announcement and shares of Avalanche Treasury Corp rose 12% in light trading.
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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.
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