According to ChainCatcher, Charley Cooper, President of Ava Labs, stated that the New York Stock Exchange (NYSE) has been testing Avalanche technology over the past year and collaborating with Ava Labs to explore integration with its existing systems. Cooper said the two parties have established a close partnership, but it has not been confirmed whether NYSE will ultimately select Avalanche as the blockchain for its tokenized securities platform. In January, NYSE announced it is developing a platform for trading and on-chain settlement of tokenized U.S. stocks and ETFs.
NYSE Has Tested Avalanche Technology for Over a Year
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Summary
Ava Labs President Charley Cooper revealed in a recent statement that the New York Stock Exchange has been testing Avalanche technology for nearly a year. The partnership announcement underscores ongoing collaboration to explore integration with NYSE’s existing systems. While no final decision has been made on blockchain adoption, NYSE is developing a platform for trading tokenized U.S. stocks and ETFs. Additional token listings could follow if Avalanche is chosen for the on-chain settlement system.
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