NYSE puts Avalanche at the center of its tokenized stock settlement push

After roughly a year of testing, the exchange's parent sees promise in Avalanche, though a final blockchain pick still awaits regulators The New York Stock Exchange is moving closer to settling tokenized stocks on a public blockchain, and Avalanche is the network getting the most attention. A post on X this week stated that the NYSE will settle tokenized stocks on Avalanche. The research behind that claim is more measured: the exchange and its parent company have spent about a year testing the network, and no final selection has been confirmed. A year of kicking the tires The NYSE and its parent, Intercontinental Exchange (ICE), have been running hands-on tests of Avalanche technology for roughly a year as of September 2026. The goal is to see whether the network can handle on-chain settlement of tokenized US equities and ETFs. Ava Labs President Charley Cooper disclosed details of the testing in September 2026. According to Cooper, the work looked at two things: how Avalanche performs, and how well it plugs into the exchange’s existing systems, including the Pillar matching engine. Pillar is the core technology that pairs buy orders with sell orders. ICE executives have been encou...