Source publication time: November 10, 2026, at 01:41:02 UTC+8.
The New York Stock Exchange confirmed on Monday that it had selected Avalanche to record and settle trades on a planned platform for round-the-clock trading in tokenized stocks, according to Cointelegraph.
Status at publication: The blockchain selection was confirmed, but the platform had not launched. The Wall Street Journal reported that it could launch before the end of 2026 if it received regulatory approval. That was a conditional window, not a confirmed launch date.
From platform plans to blockchain selection
The source described the following sequence:
- January: NYSE first announced plans for the tokenized-stock trading platform.
- September: Ava Labs disclosed that the exchange had spent about a year testing Avalanche.
- Monday, ahead of publication: Avalanche’s final selection was confirmed.
- Before the end of 2026: A possible launch window, dependent on regulatory approval, according to The Wall Street Journal.
Ava Labs said the platform would support digital versions of stocks on different blockchains, with Avalanche providing the ledger used to record and settle trades.
Dennis Lee, NYSE’s head of digital issuance, said the settlement ledger needed speed, reliability, control over participation, predictable costs and a large developer community. He said Avalanche met those requirements.
John Nahas, chief business officer at Ava Labs, told Cointelegraph that the companies’ first conversations had begun nearly a year earlier. He described the work as a step toward blockchain becoming foundational financial infrastructure.
AVAX’s reported market reaction
AVAX rose as much as 10% on Monday, making it the strongest performer among the 100 largest cryptocurrencies by market capitalization, the report said.
By 15:22 UTC, it had eased to $8.86, still up more than 8% on the day, according to CoinGecko. Its reported market capitalization was approximately $3.95 billion, with $439.7 million traded over the preceding day.
Avalanche’s total value locked stood at $633 million, up 4% over 24 hours, according to DeFiLlama. These figures describe the source’s reporting snapshot, not current market conditions.
Other tokenization milestones in the report
The NYSE plan formed part of a broader push toward blockchain-based securities trading:
- July: Japanese fintech company Progmat announced that it had moved more than 452 billion yen in digital securities onto a dedicated Avalanche blockchain.
- September: Nasdaq announced plans to invest $100 million in Kraken parent company Payward for a tokenized-stock project, with an expected launch in the second quarter of 2027.
- September: Aave Labs announced plans for an Avalanche lending service allowing financial firms to borrow Tether’s USAT stablecoin against tokenized assets.
- October: The Depository Trust & Clearing Corporation launched a service enabling financial firms to turn traditional securities into digital tokens. CEO Frank La Salla described it as bringing tokenized securities into a regulated framework supported by established market infrastructure.
The distinction across these milestones is important: the report described some services and asset migrations as completed, while NYSE’s platform, Nasdaq’s project and Aave Labs’ lending service remained plans or prospective launches.