Originally reported by The Block on November 9, 2026, at 22:06:25 UTC+8.
The New York Stock Exchange selected Avalanche for clearing and settlement on its planned 24/7 tokenized-securities platform, according to a statement from Ava Labs on Monday, November 9. The selection covers ledger functions for the clearing firm behind the venue.
The platform is designed to support around-the-clock trading, clearing and settlement, pending regulatory approval. According to The Wall Street Journal, it was targeting a fourth-quarter launch and would use NYSE’s existing technology to match trades.
Settlement infrastructure, not an exclusive listing blockchain
NYSE Head of Digital Issuance Dennis Lee said the exchange was evaluating different technologies for different parts of the platform. The venue would support equities listed on a range of blockchains, while its settlement ledger needed speed, reliability, predictable costs and control over participation.
Ava Labs CEO Emin Gün Sirer said dedicated infrastructure would support the platform’s 24/7 atomic settlement requirements, with predictable performance and costs, regulatory and operational controls, and connectivity to a broader ecosystem of assets and liquidity. Those capabilities were described by Ava Labs, rather than demonstrated operating results from a live venue.
About a year of testing preceded the selection
Ava Labs President Charley Cooper told The Block in September that NYSE had spent the previous year testing Avalanche and working with the company on integration with its systems. He said NYSE had examined the project’s economics and technology, but did not confirm a selection at that time.
ICE Head of Strategic Initiatives Michael Blaugrund said then that the exchange operator was “very engaged” with Avalanche.
NYSE also expanded its supporting partnerships. In the week before the November 9 report, it announced agreements with Broadridge Financial Solutions, Computershare, Equiniti and Superstate for issuer-sponsored tokenized securities and transfer-agent functions. Securitize and tZERO were already listed as partners.
For market context, the announcement documents an infrastructure selection for a proposed venue—not evidence of live trading activity or realized liquidity. Regulatory approval and launch remained outstanding in the report.