Avalanche Owns Five Percent of Tokenized Stocks
AI summary
The Wall Street Journal reported that NYSE picked Avalanche as the sole settlement chain for its planned 24/7 tokenized stock platform. Avalanche now accounts for roughly five percent of tokenized stocks, and the news follows the November 4 launch of $CNTN, the first U.S. equity to trade under the SEC's Innovation Exemption. Traders would read a major exchange choosing a single public chain as a meaningful endorsement of Avalanche's institutional infrastructure.
