NYSE picks Avalanche to settle tokenized stocks, but AVAX holders gain only indirectly
Select what genuinely interests you. Your picks feed directly into our editorial planning. The New York Stock Exchange wants to settle tokenized stocks on a blockchain, and the technology for it is to come from Avalanche (AVAX). Ava Labs, the company that develops Avalanche, announced this on Monday, November 9, 2026. For AVAX holders the news is still no automatic win: according to CoinDesk, the NYSE runs its own blockchain based on Avalanche technology rather than the public network. By Tuesday evening the price had already given back Monday's jump.