The New York Stock Exchange has selected Avalanche to provide the core ledger technology for the clearing firm behind its planned tokenized securities platform, Ava Labs said on Monday.
The platform, which is being developed by an NYSE affiliate, is designed to support 24/7 trading, clearing and settlement of tokenized securities, subject to regulatory approvals. It will use the NYSE’s existing matching technology for trades and Avalanche for the post-trade ledger and settlement. A launch is targeted for the fourth quarter, pending those approvals.
The selection follows roughly a year of engagement between Ava Labs and the NYSE, during which the exchange and Intercontinental Exchange evaluated Avalanche’s technology and economics. The platform is intended to support equities issued on multiple blockchains, while Avalanche serves as the dedicated ledger for clearing and settlement.
Dennis Lee, NYSE’s head of digital issuance, said the exchange is “picking the right technology for each job.” He added that the ledger needs to be fast and reliable, allow control over participants, keep costs predictable, and benefit from a large developer community. “Avalanche meets all those needs.”
The NYSE first outlined plans for a tokenized securities platform in January 2026. The design pairs its Pillar matching engine with blockchain-based post-trade infrastructure and is meant to support both tokenized versions of existing securities and assets issued natively on-chain. Tokenized holders would retain conventional rights such as dividends and governance. The exchange has also brought in partners including Broadridge, Computershare, Equiniti, Superstate, Securitize and tZERO for issuance, transfer-agent and related functions.
What the Avalanche role means
Avalanche’s assignment is focused on the clearing firm’s ledger rather than operating the trading venue itself. The setup is designed to give the platform operator control over performance, permissions and costs while enabling near-instant settlement. Ava Labs has described the arrangement as dedicated infrastructure tailored to the platform’s regulatory and operational requirements.
The move is one of the more significant institutional steps so far toward bringing tokenized U.S. equities onto public blockchain rails. It remains contingent on regulatory clearance, and the identity of the clearing firm has not been disclosed. If it proceeds, the platform would mark a notable expansion of blockchain technology into the post-trade layer of a major U.S. equity venue.
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Andrew Samu
Andrew Samu, Editor-at-Large at Disruption Banking, shapes the publication’s global coverage of banking, capital markets and digital assets. Based at London’s Level39, he combines market analysis with a strong commercial perspective, informed in part by his role as Commercial Director at Verita HR.
