NYSE Parent ICE Evaluates Avalanche to Power 24/7 Tokenized Stock Trading Platform
NYSE parent ICE is evaluating Avalanche blockchain to run a planned 24/7 tokenized securities settlement platform, but says no final choice has been made.
Why it matters
A decision to build NYSE's tokenized securities settlement on Avalanche would signal a major exchange operator moving toward continuous, blockchain-based trading and settlement of U.S. equities, though the choice of infrastructure and regulatory approval remain unresolved.
Where the sources disagree
Regulatory basis for the platform
Follows SEC Innovation Exception legally enabling tokenized stock trading on DeFi venues
Bitcoin.com News
Platform operation remains subject to regulatory approval, with no mention of an Innovation Exception
Crypto News Flash, Crypto.News
Bitcoin.com News attributes the initiative to an SEC 'Innovation Exception' enabling tokenized stocks on DeFi venues, a claim not mentioned by the other two sources, which instead describe the platform as still subject to regulatory approval.
Key facts
NYSE's parent Intercontinental Exchange is developing a tokenized securities platform combining its Pillar matching technology with blockchain-based settlement.
Reported by Crypto News Flash
ICE Vice President Michael Blaugrund said Avalanche 'checks a lot of those boxes' for the platform's requirements and that ICE is closely engaged with the Avalanche team.
Reported by Crypto News Flash
No final blockchain has been selected for the NYSE platform.
Reported by Crypto.News
The planned platform would potentially support 24/7 trading of tokenized U.S. stocks and ETFs, including trading against stablecoins, subject to regulatory approval.
Reported by Crypto News Flash
Bitcoin.com News reported the initiative follows the SEC's Innovation Exception, which it said legally enables tokenized stocks to trade on DeFi venues.
Disputed figureReported by Bitcoin.com News
What happened
NYSE's parent company Intercontinental Exchange (ICE) is developing a platform for tokenized U.S. stocks and ETFs that would combine its existing Pillar matching technology with blockchain-based settlement, potentially enabling 24/7 trading subject to regulatory approval. ICE Vice President Michael Blaugrund said at the Avalanche Summit in New York that Avalanche "checks a lot of those boxes" and that the two companies are closely engaged, though he stopped short of confirming a final selection. Ava Labs President Charley Cooper said NYSE has spent roughly a year testing Avalanche's technology and economics, describing a "close working relationship," while also confirming no blockchain has been chosen. Bitcoin.com News reported additional detail, stating the effort follows the SEC's Innovation Exception, which it said legally enables tokenized stocks to trade on DeFi venues, and that Avalanche's custom L1 chains would let NYSE embed KYC rules directly; this claim about the SEC exception was not corroborated by the other two sources. What remains unclear across all reports is whether Avalanche will ultimately be selected and when regulatory approval might be granted.
How the story developed
- First report
First report by Crypto News Flash
NYSE Tokenized Trading: Avalanche Competes to Power 24/7 Stock Settlement
- Update
Crypto News Flash reports ICE views Avalanche as meeting platform requirements
Michael Blaugrund quoted saying Avalanche checks many boxes for NYSE's blockchain evaluation.
- Independent corroboration
Independently corroborated by Crypto.News
NYSE has spent a year testing Avalanche technology, Ava Labs says
- Update
Ava Labs details year-long testing relationship with NYSE
Charley Cooper says NYSE spent about a year testing Avalanche's technology and economics without committing to it.
- Official statement
Official statement from Bitcoin.com News
ICE Considers Avalanche to Launch NYSE Tokenized Trading Engine
- Update
Bitcoin.com News reports additional detail on KYC and regulatory context
Report adds claim about SEC Innovation Exception and Avalanche's custom L1 KYC capability.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 18 Sept 2026, 07:00 UTC: Crypto News Flash — 1 independent source, 1 reports
- 18 Sept 2026, 14:01 UTC: Crypto.News — 2 independent sources, 2 reports
- 18 Sept 2026, 23:42 UTC: Bitcoin.com News, official — 3 independent sources, 3 reports
- 19 Sept 2026, 03:54 UTC: Crypto News (CryptoNews.net) — 4 independent sources, 4 reports
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | ICE Considers Avalanche to Launch NYSE Tokenized Trading Engine | Independent | |
| Crypto News Flash Crypto media | NYSE Tokenized Trading: Avalanche Competes to Power 24/7 Stock Settlement | Original | |
| Crypto.News Crypto media | NYSE has spent a year testing Avalanche technology, Ava Labs says | Independent | |
| Crypto News (CryptoNews.net) Aggregator | NYSE Parent ICE Names Avalanche for 24/7 On-Chain Trading Platform | Syndicated |
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