NYSE Tests Avalanche Technology for Tokenization Plan

The New York Stock Exchange tested Avalanche technology for its tokenization plan over a year, but it has not been decided whether the exchange will adopt it, according to reports. The Block reported on October 18 that Charlie Cooper, CEO of Ava Labs, explained that the NYSE's parent company Intercontinental Exchange (ICE) is closely collaborating with him, though he did not state that the exchange had chosen Avalanche.

Earlier, AP reported that ICE is developing a separate digital platform to trade tokenized assets such as stocks.