Avalanche will provide the core ledger technology for the clearing firm of a planned tokenized-securities platform affiliated with the New York Stock Exchange. The alternative trading system, announced by Ava Labs on Nov. 9, is designed to support round-the-clock trading, clearing and settlement, subject to regulatory approvals. Access will be distributed through participating broker-dealers rather than direct wallets, while individual customer eligibility and account arrangements remain unspecified. The platform will combine NYSE’s Pillar matching engine with blockchain-based post-trade systems, including dollar-sized orders, stablecoin funding and immediate settlement. Not every security traded on the venue will necessarily be issued on Avalanche, even though its blockchain will serve as the clearing ledger.
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