NYSE Taps Avalanche to Settle Its Planned Tokenized Stock Platform
Summary
The New York Stock Exchange plans to use the Avalanche blockchain as the underlying technology for a new tokenized stock platform. This initiative intends to facilitate continuous round-the-clock trading and settlement of digital securities on the blockchain.
Ava Labs said Avalanche will serve as the “core ledger technology” for the clearing firm behind the NYSE-affiliated venue, which aims to bring 24/7 trading, clearing and settlement of tokenized securities onchain.
Source: Read the full story at Decrypt
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