NYSE Adds Solana for Tokenized Stock Settlement

Update (Nov 9, 14:13 UTC): NYSE announced that Solana will be used to settle tokenized stock trades, complementing its earlier selection of Avalanche for the platform.

Avalanche has been selected to provide the core blockchain ledger technology for the clearing firm supporting the New York Stock Exchange's upcoming tokenized securities trading platform, according to CryptoNews. Ava Labs announced on November 9 that its infrastructure will support the NYSE-affiliated digital alternative trading system.

The selection follows approximately a year of technical testing by NYSE, during which the exchange evaluated Avalanche's capabilities, operating costs, and compatibility with existing infrastructure alongside its parent company Intercontinental Exchange. The planned platform will support 24/7 trading and onchain settlement of tokenized securities, subject to regulatory approval.

Platform Operations and Technology

The venue is designed to accommodate equities issued across multiple blockchain networks while Avalanche handles transaction recording and settlement. NYSE Head of Digital Issuance Dennis Lee stated that the clearing ledger needed reliable processing, predictable costs, and participant controls while maintaining developer ecosystem access.

NYSE has also partnered with Broadridge, Computershare, Equiniti, Securitize, and tZERO to develop the platform. Transfer-agent firms Broadridge, Computershare, and Equiniti collectively provide services to nearly 5,000 listed companies, including about 99% of S&P 500 constituents.

Key facts

• Avalanche was selected after roughly a year of testing by NYSE and Intercontinental Exchange.
• The platform will support 24/7 trading and onchain settlement of tokenized securities, subject to regulatory approval.
• NYSE is working with partners including Broadridge, Computershare, Equiniti, Securitize, and tZERO.
• Ava Labs announced the infrastructure support agreement on November 9.