The New York Stock Exchange has selected Avalanche as the settlement and payment infrastructure for its developing tokenized stock platform. The system is expected to support 24/7 trading and direct blockchain-based settlement, but still requires regulatory approval. Stocks may be issued across multiple blockchains, while Avalanche will handle the payment ledger. Following the announcement, $AVAX rose approximately 8% within 24 hours. I see this as a notable step forward for tokenized assets; however, the plan to use blockchain and actual trading operations remain two distinct phases.
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