AVAX
+4.7%New York Stock Exchange selects Avalanche blockchain for tokenized stock platform
Image: CointelegraphThe New York Stock Exchange selected the Avalanche blockchain to support a planned platform for trading tokenized stocks around the clock. The platform will use Avalanche to track stock trades and complete transactions. The launch depends on regulatory approval. Avalanche token prices reacted with gains following the announcement.
Key points
- The New York Stock Exchange plans to use the Avalanche blockchain for a new tokenized stock trading platform.
- The platform aims to support round-the-clock trading of tokenized stocks across multiple blockchains.
- The launch of the platform requires regulatory approval.
Why it matters
Traditional financial institutions continue to adopt blockchain networks to build infrastructure for tokenized securities and enable round-the-clock trading.
Price context · AVAX
At publication
$8.59
Now
$8.59
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
U.Today
Tier 2
Avalanche (AVAX) Gains 4% After Securing Major NYSE Partnership
Coverage timeline
- First reported by Cointelegraph
- Also reported by U.Today
- CryptoVideos brief published
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