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NYSE Taps Avalanche as Primary Blockchain for Tokenized Securities Trading and Settlement
21 hour ago /
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Author：小编
The New York Stock Exchange has announced that its forthcoming alternative trading system for tokenized securities will leverage Avalanche as the primary blockchain network for clearing and settlement operations. Following the news, Avalanche's native token climbed 8% in price, according to CoinGecko data, while shares of AVAT—an investment vehicle for the blockchain listed on Nasdaq—rose 12% amid light trading. Dennis Lee, head of NYSE's digital issuance business, said the exchange is exploring how blockchain technology can expand its stock business services and will select the appropriate technology for different business scenarios.
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