The New York Stock Exchange has spent roughly a year testing Avalanche technology and working with Ava Labs while developing infrastructure for tokenized securities, Ava Labs President Charley Cooper said. ICE Head of Strategic Initiatives Michael Blaugrund said Avalanche meets many of the operator's requirements, though neither executive said the network had been selected for NYSE's planned digital securities platform. NYSE's proposed venue would combine its Pillar matching engine with blockchain-based post-trade systems for tokenized U.S. stocks and ETFs, subject to regulatory approval. The design is intended to support multiple networks for settlement and custody, while offering continuous trading, immediate settlement, fractional shares, dollar-denominated orders and stablecoin funding. ICE has also invested in tZERO and licensed its blockchain patents, while NYSE named Securitize as its first eligible digital transfer agent in March.