John Nahas, chief business officer of Ava Labs, the company behind the Avalanche network, says the planned NYSE-affiliated tokenized securities platform illustrates a shift toward blockchains designed for specific use cases. He argues that financial institutions want greater control over network governance, participants, settlement costs and performance reliability. The platform will use Avalanche technology for clearing and settlement after a year of testing by the NYSE. This approach is intended to meet the compliance requirements of traditional financial institutions as US crypto regulation continues to take shape.
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