Overview
- Ava Labs and ICE say the New York Stock Exchange has run roughly a year of technical and commercial tests with Avalanche, but the exchange has not selected any single blockchain for its planned platform.
- The proposed system would keep NYSE’s Pillar matching engine for order execution and use blockchain networks for post‑trade functions such as settlement and custody.
- ICE has struck infrastructure deals to build the platform, including an investment and patent license with tZERO and a memorandum naming Securitize as a digital transfer agent.
- The U.S. Securities and Exchange Commission issued conditional five‑year relief that permits eligible venues to trade tokenized National Market System stocks under rules on shareholder rights, smart contracts, trading limits, and coordinated halts.
- Parallel moves by regulated tokenization projects in Japan and South Korea that migrated or built on Avalanche underline growing institutional interest and suggest tokenized trading could bring faster settlement, fractional shares, and longer trading hours for some investors and broker‑dealers.