The NYSE picked @avax for the part of a stock trade that happens after you hit buy. Its planned venue for tokenized stocks would use existing NYSE technology to match orders. Avalanche would handle the ledger that records and settles trades. Settlement is when the buyer gets the shares and the seller gets paid. U.S. stock trades usually settle the next business day. The new venue aims to let cash and shares change hands together around the clock, pending regulatory approval. I’d watch what that does to broker funding. Settling immediately shortens the time a trade is outstanding. It can also mean having cash ready before each trade instead of netting buys and sells first. If the venue goes live, how much cash would a broker need on hand to settle a typical Sunday session?