Key facts
- Ava Labs said Avalanche will be the core ledger for an ICE-developed tokenized securities platform, pending regulatory approval.
- The platform is designed for 24/7 trading, clearing and settlement of tokenized securities, per Ava Labs.
- GSR analyst Carlos Guzman told Decrypt the NYSE choice is a big institutional credibility boost for Avalanche.
- Mercuryo's Luther Maday told Decrypt the decision followed about a year of testing on Avalanche.
- Guzman said trading will still happen off-chain, with NYSE activity on dedicated Avalanche infrastructure, not the public C-Chain.
- Symbiotic founder Misha Putiatin told Decrypt the main question is whether Avalanche can capture value.
The New York Stock Exchange selected Avalanche to supply the core ledger technology for a tokenized securities platform it is preparing, Avalanche developer Ava Labs said on Monday, November 9, 2026. The platform, developed by NYSE parent company Intercontinental Exchange, is designed to allow trading, clearing and settlement of tokenized securities around the clock, subject to regulatory approval.
Carlos Guzman, a research analyst at market maker GSR, told Decrypt the selection is "definitely a big win for the project" and a boost to institutional credibility that validates blockchain settlement for traditional financial plumbing. Luther Maday, head of North America at crypto payments firm Mercuryo, told Decrypt the decision followed about a year of testing on Avalanche, which he said signals the network passed checks on performance, reliability and control. He added that using the technology for the clearing and settlement layer is a deeper use of blockchain than simply issuing a tokenized asset on a network.
Avalanche's AVAX token rose 3.6% over the past day to $8.64, according to Decrypt data. Guzman cautioned that NYSE activity will run on dedicated Avalanche infrastructure rather than the public C-Chain, where most of the network's activity happens, and that trading will still take place off-chain. Maday said he would be careful about translating the news into expectations for activity on the public C-Chain, while pointing to stablecoin liquidity, validator activity and network fees as areas that could see a boost.