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Avalanche Won Over the NYSE. Now It Has to ‘Capture Value’ for AVAX
The New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), has selected Avalanche as the core ledger technology for a planned tokenised securities platform. The choice is a significant endorsement of blockchain infrastructure for traditional finance, but analysts caution that the deal may not directly increase demand for Avalanche’s AVAX token.
The platform is intended to support round-the-clock trading, clearing and settlement, subject to regulatory approval, after a year of testing Avalanche. AVAX rose 3.6% in a day to $8.64, but the NYSE system will use dedicated Avalanche infrastructure rather than the public C-Chain, and trading will remain off-chain. Analysts say token value will depend on how the system uses AVAX and whether it generates more stablecoin liquidity, validator activity or network fees; other tokenisation efforts are also under way, though some major companies have opted out.
In short
- NYSE parent ICE chose Avalanche for a planned tokenised securities platform.
- AVAX rose 3.6% to $8.64, but the link to long-term value is unclear.
- The platform is planned for round-the-clock trading, clearing and settlement.
Steelman: both sides, in good faith
The strongest fair case each way — we don't pick a winner.
The case for
ICE’s selection could give Avalanche credibility with traditional financial institutions and create a path to wider adoption of its technology. If the platform ultimately drives liquidity, validator participation or fee-generating activity linked to AVAX, that use could support the token’s value over time.
The case against
The endorsement may chiefly benefit Avalanche’s infrastructure without creating meaningful demand for AVAX: the planned system uses dedicated infrastructure, trading stays off-chain, and the public C-Chain is not involved. Until the platform’s design produces sustained token use or network activity, the partnership alone offers limited evidence that AVAX will capture value.