載入圖片中NYSE puts Avalanche at the center of its tokenized stock settlement push

New York Stock Exchange official brand logo / Wikimedia Commons (Public domain)

After roughly a year of testing, the exchange's parent sees promise in Avalanche, though a final blockchain pick still awaits regulators

Mon 9 Nov 2026 · 07:35 EST · 3 min read

In Stocks

Share

The New York Stock Exchange is moving closer to settling tokenized stocks on a public blockchain, and Avalanche is the network getting the most attention.

A post on X this week stated that the NYSE will settle tokenized stocks on Avalanche. The research behind that claim is more measured: the exchange and its parent company have spent about a year testing the network, and no final selection has been confirmed.

A year of kicking the tires

The NYSE and its parent, Intercontinental Exchange (ICE), have been running hands-on tests of Avalanche technology for roughly a year as of September 2026. The goal is to see whether the network can handle on-chain settlement of tokenized US equities and ETFs.

Ava Labs President Charley Cooper disclosed details of the testing in September 2026. According to Cooper, the work looked at two things: how Avalanche performs, and how well it plugs into the exchange’s existing systems, including the Pillar matching engine.

Pillar is the core technology that pairs buy orders with sell orders.

ICE executives have been encouraging, if careful. They have pointed to positive signs from the evaluation, including Avalanche meeting many of the operational requirements the exchange laid out.

At the Avalanche Summit in September 2026, ICE executives also highlighted the network’s performance, its interoperability, and its custom subnets designed with compliance in mind. Subnets work a bit like private rooms inside a shared building: an institution can set its own rules for who gets in while still using the broader infrastructure.

Still, ICE has not made a definitive choice on which blockchain solution it will implement. Any decision remains pending regulatory approvals.

The bigger plan: trading that never sleeps

The Avalanche testing sits inside a broader project the NYSE introduced publicly in January 2026. The exchange wants to merge its traditional trading infrastructure with blockchain capabilities.

The proposed platform targets three changes. It aims for 24/7 trading, immediate settlement, and funding with stablecoins, all subject to regulatory approval.

The settlement piece is the headline act. US stock trades currently settle on a T+1 basis, meaning the actual transfer of shares and cash happens one business day after the trade.

Notably, the NYSE has designed the platform to support multiple blockchains rather than locking itself into one.

The plumbing is filling in

By November 2026, major transfer agents including Broadridge and Computershare had been onboarded to the NYSE’s tokenized securities venue.

Their role covers shareholder records and on-chain governance mechanisms. That means things like tracking ownership and handling shareholder votes.

Securitize offered a preview

There is already a real example of NYSE-listed shares living on Avalanche. In July 2026, Securitize tokenized $295 million of its own NYSE-listed stock as part of its public listing.

Securitize did not pick a single chain for that move. It issued the tokenized shares on both Avalanche and Solana.

That dual-chain approach mirrors the NYSE’s own multi-blockchain stance.

What this means

For Avalanche, the stakes are significant. Being the network that a flagship US exchange tested for a year, and praised publicly, is a credibility boost few blockchains can claim.

But credibility is not a contract. Until ICE makes a formal selection and regulators sign off, Avalanche’s role in settling NYSE trades remains a strong possibility rather than an announced reality.

The multi-chain design cuts both ways. It lowers the barrier for Avalanche to be included, but it also means the exchange can spread volume across several networks, so no single chain is guaranteed to capture the bulk of activity.

Stablecoin funding adds another layer. If approved, it would bring dollar-pegged tokens directly into the funding flow of a major US equity venue.

Regulation is the variable that controls the timeline. Every major element of the platform, from round-the-clock trading to the choice of blockchain, is framed as pending approval.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.