The New York Stock Exchange selected Avalanche for clearing and settlement on its planned 24/7 tokenized-securities platform, according to an Ava Labs statement reported by The Block on November 9, 2026.
The venue is being designed for around-the-clock trading, clearing and settlement, but remains subject to regulatory approval. According to The Wall Street Journal, it is targeting a fourth-quarter launch and will use NYSE’s existing technology to match trades.
Settlement infrastructure and blockchain support
Avalanche will handle ledger functions for the clearing firm behind the planned venue. Ava Labs CEO Emin Gün Sirer said dedicated infrastructure would support its “24/7 atomic settlement needs,” with predictable performance and costs, controls to meet regulatory and operational requirements, and connectivity to a broader ecosystem of assets and liquidity.
The selection does not mean every security on the platform will be issued on Avalanche. NYSE Head of Digital Issuance Dennis Lee said the exchange is evaluating different technologies for different parts of the venue and will support equities listed across multiple blockchains. Its settlement ledger, he said, needs speed, reliability, predictable costs and control over participation.
Testing preceded the selection
The decision followed about a year of testing. In September, Ava Labs President Charley Cooper told The Block that NYSE had spent the preceding year testing Avalanche and working with the company on how it could fit into the exchange’s systems. He said NYSE had examined the project’s economics and technology, without confirming a selection at that time.
ICE Head of Strategic Initiatives Michael Blaugrund also said at the time that the exchange operator was “very engaged” with Avalanche.
In the week before the November 9 report, NYSE announced agreements with Broadridge Financial Solutions, Computershare, Equiniti and Superstate to support issuer-sponsored tokenized securities and transfer-agent functions. Securitize and tZERO were already listed as partners.
Original report: The Block, published November 9, 2026, at 22:06:25 UTC+08:00.