NYSE tests Avalanche for $40 trillion tokenized equities platform
- —NYSE is testing Avalanche as one option for tokenizing stocks and ETFs
- —The potential market for tokenizable securities is about $40 trillion
- —ICE also works with tZERO and Securitize; the architecture will support multiple blockchains
- —No decision has been made and it depends on regulatory approval
Why it matters: It confirms Wall Street's interest in tokenization, but Avalanche is only a candidate so far - with no guarantees on volumes or launch.
Source: Coincierge