Avalanche will provide a settlement ledger for the NYSE-affiliated tokenized securities platform.

On November 10, according to an announcement from Ava Labs, Avalanche will provide core ledger technology to an NYSE-affiliated proposed digital exchange clearinghouse, supporting the clearing and settlement of tokenized securities.

After obtaining applicable regulatory approvals, the platform plans to offer users around-the-clock trading, clearing, and settlement services. Dennis Lee, Head of Digital Issuance at NYSE, stated that the platform will support stocks issued across multiple blockchains, while the ledger used to record and settle transactions will utilize Avalanche technology.