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The New York Stock Exchange-affiliated digital alternative trading system for tokenized securities will record and settle trades on Avalanche, Ava Labs said on November 9, 2026, according to crypto.news. The clearing firm supporting the venue will use Avalanche as its core blockchain ledger, while the venue itself is designed to handle equities issued across multiple blockchains.
The selection followed roughly a year of technical evaluations between Ava Labs and NYSE parent Intercontinental Exchange (ICE), crypto.news reported. NYSE first outlined the proposed platform in January 2026, when it said it would combine its Pillar matching engine with blockchain infrastructure for post-trade processing, per the ICE announcement. The platform remains subject to regulatory approval.
Also readJPMorgan adds MONY and JLTXX tokenized funds to Solana
Key facts
- Ava Labs announced on November 9, 2026 that Avalanche will support the NYSE-affiliated digital ATS for continuous trading and onchain settlement of tokenized securities.
- NYSE Head of Digital Issuance Dennis Lee said the clearing ledger must offer reliable transaction processing, predictable costs, controls over who participates and access to an established developer ecosystem, adding: “Avalanche meets all those needs.”
- Ava Labs CEO Emin Gün Sirer said the arrangement provides dedicated infrastructure with predictable performance and costs, controls to meet regulatory and operational requirements, and connectivity to other onchain assets.
- NYSE added four transfer agents on November 2 — Broadridge Financial Solutions, Computershare, Equiniti and Superstate — joining Securitize and tZERO, bringing participating transfer-agent firms to six.
- Crypto Briefing reported that Securitize tokenized $295 million of its own NYSE-listed stock in July 2026 on both Avalanche and Solana, a dual-chain approach it said mirrors the exchange’s multi-blockchain stance.
How the venue is meant to work
According to crypto.news, the planned system would support tokenized US equities and exchange-traded funds, including securities represented digitally alongside conventional shares and securities issued directly as tokens. Investors could place orders in dollar amounts, buy fractional shares and fund transactions with stablecoins, while holders of eligible tokenized shares would keep conventional rights such as dividends and participation in corporate governance. Access would run through qualified broker-dealers.
ICE has separately worked with BNY and Citi on tokenized deposits that could let clearing members move funds and meet margin requirements outside regular banking hours. In August, ICE reached an agreement with tZERO covering platform development, blockchain patent licensing and an investment in the company’s financing round, crypto.news reported.
Also readNEAR adds 20 tokenized US stocks via Ondo
Which outlets reported what
The accounts diverge on how settled the decision is. Crypto Briefing reported that no final blockchain selection has been confirmed and that any decision awaits regulatory approvals, and noted a post on X asserting NYSE would settle tokenized stocks on Avalanche ahead of a more measured research trail. Bitcoin.com News, by contrast, framed Avalanche as chosen to power the venue and pointed to its fast, reliable atomic settlement and predictable regulatory controls; it noted ICE’s Michael Blaugrund had said in September that the company was looking carefully at whether Avalanche could be the solution.
Bitcoin.com News reported that NYSE serves as a trading platform for companies with a collective valuation exceeding $30 trillion, and quoted Sirer saying the approach is what technology built for business looks like, with infrastructure designed for onchain issuance and settlement at the scale global markets demand. Crypto Briefing reported that ICE executives at the September 2026 Avalanche Summit highlighted the network’s performance, interoperability and compliance-oriented subnets, and that Ava Labs President Charley Cooper said the exchange was not just kicking the tires on the technology.
Why it matters
US stock trades currently settle on a T+1 basis, with shares and cash transferring one business day after the trade, Crypto Briefing noted. A venue combining round-the-clock trading with onchain settlement would compress that gap and let investors trade outside conventional market hours. For Avalanche, a year of testing and public praise from a flagship US exchange is a credibility marker few blockchains can claim, though the multi-chain design spreads volume across networks rather than guaranteeing any single chain the bulk of activity.
What to watch
Regulatory review of the proposed venue is the controlling variable, and crypto.news and Crypto Briefing both describe the blockchain arrangement and the platform’s features as subject to approval. Whether ICE makes a formal, final selection after that review is the next checkpoint to follow.
Sources: crypto.news, Crypto Briefing, Bitcoin.com News
