Avalanche's AVAX Leads Gains on NYSE Tokenization Deal
Avalanche's AVAX token rose as much as 10% after the New York Stock Exchange selected its blockchain for a planned tokenized stock trading platform.
Avalanche’s AVAX led gains among the top 100 cryptocurrencies after the New York Stock Exchange (NYSE) selected its blockchain to support settlement on a planned tokenized stock trading platform, according to Cointelegraph. The native token surged as much as 10% following the announcement.
NYSE Selects Blockchain
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The selection of the Avalanche blockchain by the NYSE marks a notable integration of public blockchain infrastructure for traditional securities settlement. The planned platform focuses on tokenized stock trading.
Key Facts
- Avalanche’s AVAX led gains among the top 100 cryptocurrencies.
- The token rose as much as 10% following the news.
- The NYSE selected the Avalanche blockchain for a planned tokenized stock trading platform.
Source: cointelegraph.com
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