Source published November 10, 2026, at 01:41:02 UTC+8. The figures and plans below reflect that reporting period.
The New York Stock Exchange selected Avalanche to record and settle trades on a planned platform for round-the-clock trading in tokenized stocks, according to Cointelegraph. The selection marks a planned institutional use of the blockchain—not evidence that the platform is already operating or attracting users.
The platform could launch before the end of 2026 if it receives regulatory approval, The Wall Street Journal reported, according to Cointelegraph.
What Avalanche will handle
Ava Labs said the platform would support digital versions of stocks issued on different blockchains, while Avalanche would provide the ledger for recording trades and completing settlement.
Dennis Lee, NYSE’s head of digital issuance, said the exchange needed a ledger that was fast and reliable, allowed control over participation, offered predictable costs and had a substantial developer community. He said Avalanche met those requirements.
NYSE first announced plans for the platform in January 2026. In September, Ava Labs said the exchange had spent about a year testing Avalanche; the final selection was confirmed on the Monday covered by the report. Ava Labs chief business officer John Nahas told Cointelegraph that initial conversations with NYSE had begun nearly a year earlier, describing the work as a step toward blockchain becoming foundational financial infrastructure.
The intended change is broader trading availability and faster settlement. The source contrasted that goal with traditional US stock-market hours of 9:30 a.m. to 4 p.m. EST on weekdays and settlement that often takes at least one business day.
AVAX gains are distinct from adoption metrics
AVAX rose as much as 10% on Monday, making it the largest gainer among the 100 biggest cryptocurrencies by market capitalization. According to CoinGecko data cited in the report, it later traded at $8.86, still up more than 8% on the day as of 3:22 p.m. UTC.
At that snapshot:
- AVAX’s market capitalization was approximately $3.95 billion.
- Trading volume over the preceding day was $439.7 million.
- Avalanche’s total value locked was $633 million, up 4% over 24 hours, according to DeFiLlama.
Those figures describe token-market activity and capital locked on the network. They do not establish how many investors will use NYSE’s platform, how much trading it will process or whether usage will persist. The report supplied no platform user counts, transaction volumes or retention data. The price move coincided with the announcement, but that alone does not establish its cause.
A wider institutional push, at different stages
The NYSE selection sits alongside several other tokenization initiatives described in the report:
- Nasdaq and Payward: In September 2026, Nasdaq announced plans to invest $100 million in Kraken’s parent company, Payward, for a tokenized-stock project expected to launch in the second quarter of 2027.
- DTCC: In October, the Depository Trust & Clearing Corporation launched a service allowing financial firms to convert traditional securities into digital tokens. CEO Frank La Salla described it as bringing tokenized securities into a regulated framework backed by established market infrastructure.
- Progmat: In July, the Japanese financial technology company said it had moved more than 452 billion yen worth of digital securities onto a dedicated Avalanche blockchain.
- Aave Labs: In September, it announced plans for an Avalanche lending service that would allow financial firms to borrow Tether’s USAT stablecoin against tokenized assets.
These developments represent different stages of implementation: announced investments, planned services and reported asset migrations should not be treated as equivalent measures of adoption. For NYSE’s platform, regulatory approval and an eventual launch remained key conditions before actual trading activity could be assessed.