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NYSE selects Avalanche to build dedicated Layer 1 for tokenized securities

Modern exchange building with a glowing Avalanche Layer 1 backbone for tokenized securities, signaling regulatory adoption.

The New York Stock Exchange has selected Avalanche to provide the core ledger technology for a tokenized securities platform being developed by its parent company, Intercontinental Exchange, according to the announcement. The platform is designed to support trading, clearing and settlement for tokenized securities, subject to regulatory approval.

The move points to a dedicated Avalanche-based Layer 1 rather than a general-purpose public market deployment. In the company’s description, the infrastructure is meant to handle post-trade settlement functions for the NYSE-affiliated platform, while the exchange’s existing matching technology would remain part of the trading process.

That structure matters because it suggests the project is being built around operational and regulatory requirements rather than as a simple token listing venue. A platform tied to a major exchange also needs controls around performance, settlement design and market plumbing, which the announcement says were part of the reason Avalanche was selected.

A regulated market use case, not a typical crypto launch

The announcement places the project in a different category from the kinds of blockchain integrations that usually draw attention in crypto markets. Rather than signaling a consumer-facing token rollout, it describes infrastructure for tokenized securities, with the launch still contingent on approvals and other conditions.

According to the announcement, the platform is intended to support 24-hour trading, clearing and settlement. It is also presented as part of a broader effort by ICE and the NYSE to build tokenized market infrastructure that can operate within the requirements of a regulated exchange environment.

Because the platform will rely on dedicated Avalanche infrastructure, the development should not be read as direct evidence of activity on Avalanche’s public network or a broader shift in user behavior by itself. The central takeaway is the selection of Avalanche for the underlying ledger role in a securities platform tied to the NYSE brand.