Ava Labs said on November 9, 2026, that Avalanche will provide the “core ledger technology” for the clearing firm behind a planned NYSE-affiliated digital securities venue, according to Decrypt.
The platform, previously disclosed by New York Stock Exchange parent Intercontinental Exchange (ICE), is designed to support round-the-clock trading, clearing and settlement of tokenized securities. It remains subject to regulatory approval.
Blockchain infrastructure, not just tokenized products
Tokenization represents traditional assets as blockchain-based tokens. While many initiatives focus on individual stocks or funds, this project would place blockchain technology beneath the clearing and settlement processes that finalize trades. Its stated aim is to bring tokenized-equity clearing onchain at institutional scale.
Dennis Lee, the NYSE’s head of digital issuance, said the exchange was “picking the right technology for each job.” He said the planned platform would support equities listed across multiple blockchains, while the ledger used to record and settle trades needed speed, reliability and control over participation.
Ava Labs founder and CEO Emin Gün Sirer described the selection as evidence that blockchains could support market infrastructure as well as financial products. He cited Avalanche’s “24/7 atomic settlement” and predictable costs; those were his characterizations of the technology.
Broader push faces participation and liquidity questions
Decrypt also reported that the NYSE had separately tapped Blockchain.com to reach crypto investors with tokenized stocks and exchange-traded funds. ICE and crypto exchange OKX were planning a 24/7 tokenized-stock venue under an SEC exemption, while Morgan Stanley had moved to tokenize securities.
The OKX-ICE effort had encountered resistance from issuers. According to the report, every Magnificent Seven company, including Apple and Meta, had opted out of having its shares tokenized on that venue. The report put the total number of companies opting out at 67.
Demand also remained uneven. An IMF study cited by Decrypt found genuine appetite for tokenized stocks but described the market as volatile and illiquid. The infrastructure plans therefore did not, by themselves, establish that deep or broadly supported trading markets would follow.
Original publication: November 9, 2026, at 23:49:22 UTC+08:00. This article reflects the reporting available at that time.