NYSE Picks Avalanche as Sole Settlement Chain for Tokenized Stocks, Q4 Launch Targeted
The New York Stock Exchange will settle tokenized equities exclusively on Avalanche through its upcoming 24/7 trading platform, with a Q4 launch targeted, per CoinDesk. Avalanche's official account said the network is preparing to support core clearing infrastructure for the NYSE-affiliated platform, and Ava Labs' Charley Cooper took a seat on the NYSE Live panel on Nov. 9.
Key Highlights
The NYSE will settle tokenized equities exclusively on Avalanche through its upcoming 24/7 trading platform, targeting a Q4 launch, per CoinDesk.
avalanche-foundation said Avalanche technology is preparing to support core clearing infrastructure for the NYSE-affiliated platform, citing NYSE President Lynn Martin.
A report amplified by avalanche-foundation said the NYSE tested multiple blockchain providers before choosing Avalanche, with product chief Kevin Tyrrell citing speed.
Charles Schwab added avalanche-foundation, $SOL and $LINK to Schwab Crypto, an expansion amplified by avalanche-foundation on Nov. 9.
Team1 Brasil and Vault Capital hosted Avalanche office hours on Faria Lima in São Paulo, amplified by team1.
Full Analysis
Bitcoin ETF redemptions and the MSCI removal of Strategy kept risk appetite defensive this week, but Avalanche's biggest story came from lower Manhattan rather than the tape: the New York Stock Exchange will settle tokenized equities exclusively on Avalanche through its upcoming 24/7 trading platform, with a Q4 launch targeted, per a CoinDesk report amplified by community account team1. The chain's TVL sat at $611.0M with $85.78M in 24-hour DEX volume as the news circulated.
NYSE Names Avalanche Its Settlement Ledger
A WSJ Markets report, boosted by team1, said the NYSE will settle tokenized stock trades on Avalanche. Screens on the NYSE floor displayed Avalanche branding and text naming the network as core ledger for clearing and settlement on the forthcoming NYSE-affiliated tokenized platform. Avalanche's official account said the technology is preparing to support core clearing infrastructure for that platform, citing NYSE President Lynn Martin.
A separate report amplified by avalanche-foundation said the exchange evaluated multiple blockchain providers before selecting Avalanche, with NYSE product chief Kevin Tyrrell citing speed. On Nov. 9, Ava Labs President and COO Charley Cooper joined the NYSE Live panel at 9 a.m. ET alongside executives from ICE Markets and CI&T. avalanche-foundation framed the onchain markets move with commentary from Ava Labs executives and NYSE's Michael Blaugrund.
Schwab Opens AVAX to Its Brokerage Clients
Charles Schwab added solana ($SOL), avalanche (avalanche-foundation) and chainlink ($LINK) to Schwab Crypto, letting clients buy and sell the three assets directly. The official avalanche-foundation account amplified the expansion on Nov. 9. The listing puts avalanche-foundation in front of Schwab's retail brokerage base, a distribution channel distinct from the institutional clearing work above.
Research Teams and a São Paulo Push
team1-latam retweeted the Avalanche Foundation's unveiling of six research teams selected from its first Call for Research Proposals, alongside a Team1 post on finance infrastructure. In Brazil, Team1 Brasil and Vault Capital hosted office hours on Faria Lima in São Paulo to present Avalanche solutions to local builders and institutions, an event amplified by team1.
Market Moves
Among Avalanche-native tokens, $QI led gainers at +8.4%, with $COQ up 1.7% and $sAVAX up 0.7%. Losers included $JOE at -2.5%, $BTC.b at -1.6% and $WAVAX at -1.3%. Aave V3 remained the largest protocol on the chain at $272.42M in TVL, while Uniswap V3 held $5.06M on Avalanche.
What to Watch
The NYSE-affiliated platform's Q4 launch window is the dated milestone to track, along with any disclosure of which tokenized equities settle first and how clearing access is granted to Avalanche-based venues.