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The New York Stock Exchange has selected Avalanche as the exclusive blockchain for settling tokenized U.S. stocks on its planned 24/7 trading platform, according to the Wall Street Journal.
Frank Chaparro reported that NYSE cited Avalanche’s speed, throughput, and compliance capabilities as factors in its decision.
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Frank Chaparro previously reported that IPOs or parts of them could take place on-chain within a year as issuers show increased interest. He has also observed that Bitcoin rallied after each of the last three U.S. midterm elections. These reports highlight ongoing market developments around blockchain and digital assets.