Originally published by Decrypt on November 9, 2026, at 23:49:22 UTC+8.
The New York Stock Exchange’s planned tokenized securities platform is set to use Avalanche for part of its underlying market infrastructure, according to an announcement from Ava Labs reported by Decrypt.
Ava Labs said on Monday that Avalanche would provide the “core ledger technology” for the clearing firm behind an NYSE-affiliated digital trading venue. The platform, previously disclosed by NYSE parent Intercontinental Exchange (ICE), is designed to support round-the-clock trading, clearing and settlement of tokenized securities. It remains subject to regulatory approval.
Beyond putting a stock in a token
Tokenization represents traditional assets as blockchain-based tokens. The distinction in this announcement is where the blockchain would sit: beneath the clearing and settlement process that finalizes trades, rather than simply serving as the network on which an individual tokenized stock or fund is issued.
Dennis Lee, the NYSE’s head of digital issuance, said the exchange was “picking the right technology for each job.” Its planned platform would support equities listed across multiple blockchains, he said, while the ledger recording and settling trades would need speed, reliability and control over who participates.
That separates two roles that can be blurred in the tokenization narrative: the blockchain hosting an asset and the infrastructure used to clear and settle its trades. Selecting Avalanche for the latter does not mean every equity on the planned platform would be issued on Avalanche.
Ava Labs CEO and founder Emin Gün Sirer presented the arrangement as evidence that blockchains can support trading infrastructure as well as financial products, citing Avalanche’s “24/7 atomic settlement” and predictable costs. Those are the technology provider’s stated benefits, not evidence in the report of a live, fully approved platform.
Infrastructure plans do not establish market adoption
The announcement sits alongside several other efforts to bring equities onchain. The NYSE separately tapped Blockchain.com to reach crypto investors with tokenized stocks and ETFs. ICE and crypto exchange OKX were also planning a 24/7 tokenized stock venue under an SEC exemption, while Morgan Stanley had moved to tokenize securities.
The OKX–ICE initiative had encountered resistance: all seven Magnificent Seven companies, including Apple and Meta, opted out of having their shares tokenized on that venue. The report said 67 companies in all had opted out.
Demand also remains distinct from infrastructure readiness. An IMF study cited by Decrypt found genuine demand for tokenized stocks, but also volatility and illiquidity.
The Avalanche selection therefore supports a specific development in the tokenization narrative: a planned use of blockchain technology within institutional clearing infrastructure. Regulatory approval, issuer participation and liquid markets remain separate questions from the choice of ledger.
