NYSE taps Avalanche for stock clearing ledger, bars direct wallets
AI summary
The NYSE is proposing a venue that would use Avalanche's blockchain as its clearing ledger, bringing tokenized stock trading onto the network. Broker distribution arrangements predate the Avalanche selection, and direct wallet access would be banned. Regulatory approval is still required, so the plan is not yet live. Traders would watch for approval progress as a signal of institutional adoption of Avalanche's tech.
