Key facts
- Avalanche said the NYSE will build the platform's core clearing and settlement layer on its network.
- Avalanche described the role as exclusive over layer-1 networks including Solana and Ethereum.
- The NYSE is targeting a fourth-quarter launch, pending SEC approval, per the report.
- The report said Amazon, Apple, Tesla and SpaceX have pushed back on the NYSE tokenizing their shares.
- The NYSE partnered with transfer agents including Broadridge, which will help provide onchain governance, per the report.
The New York Stock Exchange has picked Avalanche as the settlement network for its tokenized stocks platform, according to a CoinGape report published November 9, 2026. Avalanche said in an X post that the NYSE will build the platform's core clearing and settlement layer on its network, and that Avalanche will support the platform's clearing firm and infrastructure for 24/7 trading, clearing and settlement.
Avalanche described the role as exclusive, over layer-1 networks including Solana and Ethereum, which the report describes as common platforms for tokenization. The NYSE is targeting a launch in the fourth quarter, pending approval from the Securities and Exchange Commission, the report said. It said several companies, including Amazon, Apple, Tesla and SpaceX, have pushed back on the exchange tokenizing their shares.
Ahead of the proposed launch, the NYSE has partnered with transfer agents, including Broadridge, which the report said will also help provide onchain governance for holders of the tokenized stocks. CoinGape said it reported the Broadridge partnership the previous week.
AVAX was trading at around $8.7, up more than 7%, according to TradingView data cited by the report, while Bitcoin was trading below $75,000. The report said AVAX remained down more than 15% over the past month and more than 28% year-to-date.