NYSE Tests Avalanche Tech for Tokenization Plans

Ava Labs President Charley Cooper revealed that the New York Stock Exchange (NYSE) spent over a year testing the Avalanche (AVAX) technology for its tokenization plans.

The NYSE and Ava Labs have developed a close working relationship, with the exchange operator pressing Ava Labs on the project's economics as well as its technology to ensure it fits into their systems.

Although Cooper stopped short of saying the exchange has chosen Avalanche, he noted that ICE's Head of Strategic Initiatives Michael Blaugrund stated the firm is 'very engaged' with the Avalanche team and that 'Avalanche checks a lot of those boxes for us.'