NYSE Chooses Avalanche Blockchain for Tokenized Stock Settlement, Boosting AVAX

The NYSE’s adoption of Avalanche’s blockchain for tokenized stock settlement lifted AVAX token prices by up to 10%, signaling growing institutional interest in blockchain technology.

The New York Stock Exchange (NYSE) has selected Avalanche's blockchain to handle settlement processes on its upcoming tokenized stock trading platform. This strategic move highlights the growing acceptance of blockchain technology within traditional financial markets.

Following the announcement, Avalanche’s native token, AVAX, experienced a price surge, rising by as much as 10%, according to CoinTelegraph. This increase reflects investor optimism about Avalanche’s expanding role in bridging conventional equities with digital assets.

For Japanese investors, this development underscores the global trend of integrating blockchain solutions into established financial infrastructures, potentially influencing local market dynamics in FX and equities as tokenization gains momentum.

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執筆: Sama Kane