NYSE selects Avalanche for planned tokenized-stock market
Business · First reported 9 Nov, 13:40 · Updated 13:55
The NYSE selected Avalanche to provide core ledger technology for settlement or clearing in its planned tokenized-securities market. One report describes the planned market as operating 24/7.
- Avalanche will provide core ledger technology for the NYSE’s planned tokenized-stock market.
- CoinDesk describes Avalanche as the settlement ledger; The Block says it will supply ledger technology for the clearing firm of an affiliated tokenized-securities platform.
- The Block’s headline describes the planned market as operating 24/7.
Summary written by Lux AI from 2 articles
Key facts
- Selected ledger provider
- Avalanche
- Market
- Planned NYSE blockchain stock/tokenized-securities market
- Reported function
- Core settlement ledger / ledger technology for a clearing firm
- Operating schedule in headline
- 24/7
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- An earlier Lux summary said Singapore’s Monetary Authority considers cryptocurrency trading unsuitable for the general public and that Binance is not authorized to provide regulated financial services in Singapore. [86f39b15-b0a7-4ea7-8d52-3cea5a6240cc]
- An earlier Lux summary reported industry experts’ view that the Clarity Act was likely dead in its current form amid expectations of tighter scrutiny of crypto markets and tokenized stocks. [bd66070c-01da-4c2c-a1dc-7699466e3917]
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