Wu learned that Ava Labs announced on November 9th that Avalanche will provide core blockchain ledger technology for a tokenized securities trading platform being developed by an affiliate of the New York Stock Exchange (NYSE), supporting its clearinghouse in on-chain clearing and settlement. The platform plans to support 24/7 trading, clearing, and settlement, and will allow trading of tokenized stocks issued on different blockchains. Dennis Lee, Head of Digital Issuance at the NYSE, stated that Avalanche meets the platform's requirements in terms of trading speed, participant access control, cost predictability, and developer ecosystem. The platform's official operation is still subject to relevant regulatory approvals. https://(wublock123.com)/news/the-new-york-stock-exchange-will-use-avalanche-blockchain-to-settle-tokenized-stocks-71601