Avalanche to Provide Clearing Ledger for NYSE-Affiliated Tokenized Securities Platform

BlockBeats news, November 9th, according to Avalanche's official blog, Avalanche will become the core ledger technology provider for the clearing process of the New York Stock Exchange (NYSE)-affiliated tokenized securities platform, supplying the underlying ledger infrastructure for the clearing institution behind the soon-to-launch platform. Intercontinental Exchange (ICE), the parent company of the NYSE, covers trading platforms, clearing, fixed income, and data services.

Dennis Lee, Head of Digital Issuance at NYSE, stated that the ledger responsible for recording and settling transactions needs to be sufficiently fast, reliable, cost-predictable, and capable of controlling participants; Avalanche meets these requirements.

The official statement emphasized that financial institutions do not need to rebuild their businesses around a particular blockchain; instead, infrastructure should be designed according to market demands. For market operators, dedicated infrastructure means greater control over performance, capacity, cost, permissions, and how the system operates.