NYSE's tokenized stock platform will accept equities issued on a range of blockchains. The trades will clear and settle on one.
Ava Labs said today that Avalanche will provide the core ledger for the clearing firm behind NYSE's affiliated digital ATS, subject to regulatory approval:
• 24/7 trading, clearing and settlement
• Matching stays on NYSE's Pillar engine
• Stablecoin funding is part of the design
The takeaway for builders: issuance can be multichain, but clearing concentrates where the operator controls who participates and what it costs.
That makes the bridge between issuance chains and the settlement ledger a product in its own right. Which layer captures the value?
Ava Labs said today that Avalanche will provide the core ledger for the clearing firm behind NYSE's affiliated digital ATS, subject to regulatory approval:
• 24/7 trading, clearing and settlement
• Matching stays on NYSE's Pillar engine
• Stablecoin funding is part of the design
The takeaway for builders: issuance can be multichain, but clearing concentrates where the operator controls who participates and what it costs.
That makes the bridge between issuance chains and the settlement ledger a product in its own right. Which layer captures the value?
