NYSE Tests Avalanche Technology With Ava Labs for Tokenized Securities Platform

Ava Labs President Charley Cooper said the New York Stock Exchange has spent the past year testing Avalanche technology and working with Ava Labs to explore how it could integrate with the exchange's existing systems. According to Odaily, Cooper said the two sides have built a close working relationship, but NYSE has not confirmed whether it will ultimately choose Avalanche as the blockchain for its tokenized securities platform. NYSE announced in January that it was developing a platform for tokenized U.S. stock and ETF trading and on-chain settlement.