Tokenization · New York · Bitcoin.com News
ICE Considers Avalanche to Launch NYSE Tokenized Trading Engine
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Michael Blaugrund, Vice President of Strategic Initiatives at ICE, the parent company of NYSE, stated that the company was considering Avalanche to host the trading and on-chain settlement platform currently under development to enable 24/7 trading of tokenized securities.
Key facts
- Michael Blaugrund, Vice President of Strategic Initiatives at ICE, the parent company of NYSE, stated that the company was considering Avalanche to host the trading and on-chain settlement platform
- While he did not assure that Avalanche would be the blockchain chosen for this initiative, Blaugrund stressed that, as they evaluated alternatives for enabling 24/7 trading using decentralized
- Blaugrund’s statements come as the U.S. Securities and Exchange Commission (SEC) approved its Innovation Exception, allowing tokenized stocks to be traded on decentralized finance exchanges
- The system, which handles data for 12.5 million citizens issued by government and private entities, will upgrade to use Avalanche's…
Summary
NYSE is evaluating Avalanche to launch a 24/7 tokenized securities platform, advancing its digital push. Avalanche’s custom L1 chains would let NYSE embed KYC rules directly, easing strict compliance logistics. This follows the SEC’s Innovation Exception, legally enabling tokenized stocks to trade on DeFi venues. The New York Stock Exchange (NYSE) has offered a glimpse into the inner workings of its upcoming digital tokenized securities trading platform.