NYSE selects Avalanche blockchain to settle tokenized stocks

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The New York Stock Exchange has chosen the Avalanche blockchain to serve as the core settlement ledger for its planned blockchain-based stock market. The move places the exchange among Wall Street firms racing to adopt blockchain technology for trading and settlement. The source report notes that Avalanche will handle settlement for the tokenized stocks the exchange intends to offer. Further details about the timeline and rollout were not available in the provided text.

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