AVAX NYSE Deal Sparks 10% Rally: Avalanche Wins Tokenized Stock Role

Brief

By Dextape Desk · November 10, 2026

The New York Stock Exchange has chosen Avalanche's blockchain to underpin settlement for a tokenized securities platform linked to the exchange. Under the arrangement, the clearing firm backing the exchange's planned digital alternative trading system will rely on Avalanche for its central ledger, while Avalanche supplies the base chain through a network designed around institutional needs. The exchange will continue using its Pillar system to match orders. The platform intends to offer round-the-clock trading, clearing and settlement for tokenized U.S. stocks and exchange-traded funds, pending regulatory sign-off. AVAX climbed to $8.60, up 5.2% over a day, after touching $8.99 intraday. Trading volume reached $537 million, roughly 448% above the previous day.

Why it matters: The selection puts Avalanche's technology inside plans for a major stock exchange's tokenized securities infrastructure, a development readers tracking tokenization will follow.

Mentioned: Avalanche

Summary by Dextape, based on reporting by Cryptonews. Machine-written from Cryptonews’ report and checked against it · How Dextape writes