The New York Stock Exchange plans to integrate its matching engine with the Avalanche blockchain to enable instant settlement and 24/7 trading for tokenized securities, pending regulatory approval.
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The New York Stock Exchange plans to integrate its matching engine with the Avalanche blockchain to enable instant settlement and 24/7 trading for tokenized securities, pending regulatory approval.
Ava Labs said Avalanche will serve as the “core ledger technology” for the clearing firm behind the NYSE-affiliated venue, which aims to bring 24/7 trading, clearing and settlement of tokenized securities onchain. The planned venue would retain NYSE’s Pillar matching engine while offering instant settlement and stablecoin funding, subject to regulatory approval. NYSE picked Avalanche to supply the core ledger technology for the clearing firm of its affiliated tokenized-securities platform.
The NYSE's exploration of blockchain for stock settlement could revolutionize trading with 24/7 operations and immediate settlements, pending regulation. The post NYSE taps Avalanche to power clearing for tokenized securities platform appeared first on Crypto Briefing.
Decrypt reported the story as "NYSE Taps Avalanche to Settle Its Planned Tokenized Stock Platform."
5 sources have covered this story, including Decrypt, The Defiant, The Block and CoinDesk and 1 other outlet. The earliest reporting in the cluster landed 12 minutes ago.
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Left 0Center 5Right 0No left or right outlets yet.
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- FirstCrypto BriefingNov 9, 7:35 AM ET · United StatesCenter
- +1h 5mCoinDeskNov 9, 8:40 AM ET · United StatesCenter
- +1h 32mThe BlockNov 9, 9:07 AM ET · United StatesCenter
- +1h 50mThe DefiantNov 9, 9:25 AM ET · United StatesCenter
- +3h 14mDecryptNov 9, 10:49 AM ET · United StatesCenter
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[01] VerifiedCore event reported by 5 independent outlets across the spectrum.
[02] CorroboratedKey facts corroborated by mainstream + wire desks.
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5 outlets
