ICE Evaluates Avalanche for 24/7 Tokenized Trading

NYSE Has Tested Avalanche for Nearly a Year

The New York Stock Exchange has spent roughly the past year testing Avalanche technology to understand how it could power tokenized securities trading, Hoka News reported. Ava Labs President Charley Cooper acknowledged the testing timeline but cautioned that the NYSE itself should publicly confirm where the evaluation currently stands. He did not disclose specific test results or performance metrics.

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A Platform Connecting Wall Street's Entire Ecosystem

Any final platform would need to integrate with transfer agents, stablecoin issuers, broker-dealers and the Depository Trust & Clearing Corporation (DTCC), the clearing house that settles most U.S. stock trades. This integration ensures that tokenized stocks on blockchain function within the existing regulatory and operational framework that institutional investors rely on. No technical specifications have been publicly released.

The platform could eventually bring approximately $40 trillion worth of U.S. stocks and ETFs onto blockchain infrastructure, Hoka News estimated. The scale reflects the total market value of all equities and exchange-traded funds currently traded in traditional markets.

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Smaller Trading Venues Could Launch First

Ava Labs President Charley Cooper predicted that some trading venues could begin offering 24-hour weekday trading within one year, but expressed skepticism that the largest global exchanges would move that quickly. He suggested smaller venues may attract liquidity first, establishing a foothold before major exchanges fully shift to around-the-clock trading.

The proposed system does not yet have a launch date. The final timeline, blockchain selection, platform structure and compliance rules remain under evaluation. Regulatory approval will likely determine when — or if — the platform can begin operations.

Multiple Design Partners Suggest No Final Decision Yet

ICE's identification of tZERO as a design partner signals the company is evaluating multiple technology approaches rather than committing to a single blockchain vendor. The approach allows ICE to test different platforms against its performance, security and integration requirements before selecting a final partner.