The New York Stock Exchange announced it had chosen Avalanche to record and settle trades on a planned platform for tokenized stocks. The platform is not live; it could launch before the end of 2026 if it receives regulatory approval, according to The Wall Street Journal.
Avalanche’s AVAX token rose as much as 10% following the announcement, then eased to $8.86, still up more than 8% on the day, according to CoinGecko data cited in the report.
