The New York Stock Exchange will use Avalanche to record and settle transactions on its future tokenized securities platform, announced in January by its parent company Intercontinental Exchange. Subject to approval from US regulators, the platform will allow shares and tokenized ETFs to trade 24 hours a day, seven days a week, while account holders will also be able to deposit stablecoins. Transfers of securities and payments will occur atomically, meaning both operations will succeed or fail together. Following the announcement, AVAX gained approximately 8% over 24 hours, but the announcement did not specify which token will be used to pay fees or how many validators will participate. Under a dedicated blockchain scenario, ten validators operating for one year would pay approximately 160 AVAX in fees at the base rate, regardless of trading activity.
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