Ava Labs announced that the Avalanche blockchain will handle clearing and settlement on a planned NYSE venue for tokenized U.S. stocks and exchange-traded funds, subject to regulatory approval. The NYSE will retain its order-matching technology, while Avalanche will handle post-trade functions such as record-keeping and confirming asset ownership. The financial terms were not disclosed, but the company says the arrangement cost nothing and has made discussions with other institutions easier. The platform is targeted to launch in the fourth quarter of 2026 following roughly a year of testing and evaluation. The AVAX token briefly gained following the announcement, although the planned deployment relies on a dedicated permissioned network rather than Avalanche’s public blockchain.
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