The New York Stock Exchange is planning a 24/7 alternative trading system for tokenized stocks that would exclusively use Avalanche as its core technology, subject to regulatory approval and a targeted fourth-quarter launch. NYSE’s existing Pillar engine would match trades, while the platform’s clearing company would settle them instantly on a dedicated, permissioned Avalanche blockchain; investors would be able to fund accounts with stablecoins. NYSE product chief Kevin Tyrrell said Avalanche was selected for its speed, throughput and ability to support a controlled network with compliance requirements. The platform, first teased in January, is intended to offer tokenized U.S.-listed stocks and ETFs, fractional ownership, instant settlement, stablecoin funding, and dividend and governance rights. Avalanche reported $1.36 billion in tokenized-asset value, led by stablecoins and followed by U.S. treasuries, according to RWA.xyz. AVAX was reported at $8.34, up about 5% over 24 hours, while an earlier market update cited $9.01 before a price of $8.627 and a 6.86% gain on November 9.