According to NYSE, Avalanche (AVAX) was selected Tuesday (Nov 12) to power settlement for the exchange's new tokenized securities platform. AVAX surged on the announcement, reaching $8.60 with a 5.2% gain over 24 hours and intraday peak of $8.99. Trading volume spiked to $537 million, up 448% from the prior day. The partnership gives Avalanche a significant role in Wall Street's push toward blockchain-based financial infrastructure. The platform aims to support 24-hour trading, clearing, and settlement of tokenized securities, allowing investors to trade tokenized U.S. stocks and exchange-traded funds outside traditional market hours.

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