NYSE Picks Avalanche for Tokenized Securities Platform; Experts Say AVAX Value Capture Still Unclear

The New York Stock Exchange this week selected Avalanche to provide infrastructure for its forthcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by NYSE parent company Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities and is pending regulatory approval. Carlos Guzman, research analyst at market maker GSR, called this a "major win for the project," noting that NYSE's choice of its technology for settlement significantly boosts institutional credibility and validates blockchain's value to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head at crypto payments firm Mercuryo, said the decision came after roughly a year of testing on Avalanche, indicating the network passed checks on performance, reliability, and control. Experts also cautioned that providing infrastructure does not necessarily mean long-term value appreciation for the AVAX token. Guzman noted that NYSE will use Avalanche infrastructure for clearing and settlement, with actual trading still occurring off-chain, and related activity will run on dedicated infrastructure rather than the public C-Chain, which hosts most network activity. Misha Putiatin, founder of Symbiotic, said Avalanche's key challenge is whether it can achieve "value capture" that other blockchains struggle to deliver. According to Decrypt data, AVAX rose 3.6% over the past 24 hours to $8.64.