NYSE taps Avalanche to settle its tokenized stock market

The New York Stock Exchange has selected Avalanche as the core settlement ledger for its planned blockchain stock market, a significant infrastructure decision reported by CoinDesk on November 9th. While a major credential for Avalanche, the announcement lacks a launch date or listed securities, contrasting with Formation Securities' more detailed SEC filing to launch a tokenized securities venue on Solana by early 2027, naming Exodus Movement, Forward Industries, and Galaxy Digital as initial offerings. This highlights a distinction between infrastructure announcements and concrete plans for tokenized equities. Key Highlights: • NYSE's selection of Avalanche as its planned blockchain stock market's core settlement layer is a major win for the chain. • Formation Securities has filed with the SEC to launch a tokenized securities venue on Solana by early 2027, listing Exodus Movement, Forward Industries, and Galaxy Digital as initial offerings. • A previous tokenized stock venture by OKX and ICE saw approximately 90% of initial issuers, including Apple and Meta, opt out, indicating a niche market for crypto-related companies. • Despite surging usage, stablecoin supply has remained flat this year, suggesting a maturing utility rather than a land grab, tempering expectations for nascent tokenized equities. Topics: NYSE, Avalanche, Solana, Formation Securities, Tokenized Securities, Real World Assets, RWA, Blockchain, Stablecoins, DeFi, SEC, Crypto Equities --- Follow Ceres Quinn on Instagram: @ceresquinn Newsletter: https://cryptorwabrief.beehiiv.com