According to The Wall Street Journal, NYSE chose Avalanche to settle trades on its planned 24/7 tokenised stock market, aiming to launch in the fourth quarter. NYSE Chief Product Officer Kevin Tyrrell cited the network's speed, throughput, and regulatory compliance. Ava Labs said Avalanche will provide the core ledger for the clearing firm, an alternative trading system run by a NYSE affiliate. NYSE will support shares listed across multiple blockchains, with trades recorded and settled on a single ledger.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.