Pharaoh Plans 24/7 Permissionless Tokenized US Stocks Trading on Avalanche

Pharaoh (pharaohexchange) is planning to bring 24/7 trading of tokenized U.S. stocks to its decentralized exchange built natively on Avalanche, according to an announcement from avax on 2026-09-16. The move would mark the first permissionless tokenized equities offering on the network, per the Avalanche account.

Pharaoh operates a concentrated-liquidity (3,3) metaDEX built specifically for the Avalanche C-Chain. The protocol is designed to keep liquidity pools deep and slippage low, particularly for stablecoin pairs, and lets its community weigh in on how rewards are distributed.

Under the plan, tokenized U.S. equities would trade continuously rather than during standard market hours, with those assets connected to liquidity across Avalanche's DeFi ecosystem. Avalanche has been expanding its tokenization footprint through 2026, including a tokenization platform Hanwha Investment & Securities is building on the network.

What's unclear

No launch timeline, ticker list, or regulatory details accompanied the announcement, and Pharaoh has not published a public schedule for the rollout. Whether the offering requires registration or exemptions for U.S. securities is also unaddressed.

The plan follows a wider push to bring traditional equities onchain, though execution and compliance will determine whether a 24/7 permissionless trading venue for U.S. stocks can operate at scale.