NYSE picks Avalanche for clearing and settlement on tokenized stock venue

A separate chain for tokenized shares

The New York Stock Exchange has selected Avalanche's technology to handle clearing and settlement on a planned venue for tokenized securities, ForkLog reported on 10 November 2026. Clearing is the process of confirming a trade and settling is the transfer of the asset and cash that completes it.

According to the report, the venue would run on its own blockchain with controlled access for participants, rather than on a public network open to anyone.

What the platform is meant to do

The platform is intended to let shares issued on different networks trade around the clock, with instant settlement and the use of stablecoins, which are crypto tokens pegged to a fiat currency such as the dollar.

ForkLog did not name the networks or the stablecoins that would be involved, and did not describe how the tokenized shares would be issued or held.

Approval still needed

The launch depends on approval from regulators, the report said. It did not identify which authorities must sign off, what has been filed, or when a decision is expected.

The report also did not include a statement from the NYSE or from Avalanche. Whether the exchange has commented publicly on the selection could not be established from the source.

After the news, the AVAX token gained about 6.4% over 24 hours, according to ForkLog. The report gave no further detail on the trading session or on how the figure was calculated.