- Avalanche (AVAX) surged 10% after the NYSE selected its blockchain to support settlement for a new tokenized securities platform.
- The announcement boosted market interest, pushing AVAX toward $9 as trading volume jumped nearly 448%.
Avalanche (AVAX) surged 10% after the New York Stock Exchange (NYSE) selected its blockchain technology to support settlement for a new tokenized securities platform. The announcement strengthened Avalanche’s position in the growing tokenized asset market and sparked renewed buying interest.
AVAX climbed to $8.60, gaining 5.2% over 24 hours after reaching an intraday high of $8.99. The move brought the $9 resistance level back into focus as traders reacted to the NYSE announcement.
Trading activity also increased sharply. Avalanche recorded approximately $537 million in 24-hour trading volume, representing a nearly 448% increase from the previous day. The surge suggests growing market interest following the announcement.
NYSE Selects Avalanche for Tokenized Securities Settlement
The NYSE has selected Avalanche to provide the core ledger technology for the clearing firm supporting its upcoming digital alternative trading system (ATS).
WSJ Exclusive: Avalanche (@avax) will provide the core ledger technology for the clearing firm on the NYSE-affiliated tokenized securities platform.
Subject to regulatory approvals, the platform is designed to support 24/7 trading, clearing and settlement for its subscribers.
@WSJ in thread
— NYSE 🏛 (@NYSE) November 9, 2026
The proposed platform aims to enable 24-hour trading, clearing, and settlement of tokenized securities, subject to regulatory approvals. It could eventually allow investors to trade tokenized US stocks and exchange-traded funds outside traditional stock market hours.
Avalanche will provide the underlying blockchain infrastructure through a dedicated network designed around institutional requirements. However, NYSE will continue using its existing Pillar matching engine to process buy and sell orders.
The selection gives Avalanche a significant role in the NYSE’s plans to bring traditional financial markets onto blockchain infrastructure.
The development comes as major financial institutions increase their interest in tokenization. Nasdaq is working on its own tokenized securities infrastructure, while the Depository Trust & Clearing Corporation (DTCC) is advancing blockchain-based settlement initiatives.
NYSE’s decision puts Avalanche among the blockchain networks competing to support this shift in financial markets. Its involvement is particularly notable given the exchange’s position as one of the world’s largest stock market operators.
AVAX Price Approaches $9 as Trading Volume Surges
The NYSE announcement has strengthened bullish sentiment around AVAX, with it approaching an important resistance level.
AVAX climbed from an intraday low near $7.82 to $8.99 before easing back toward $8.60. The recovery brought the $9 level within reach after a strong rally on Monday.
A sustained move above $9 could open the way toward the next resistance near $9.10. Breaking that level would give buyers another opportunity to extend the recovery.
Trading volume adds to the bullish outlook. The nearly 448% increase in daily activity suggests that more traders are paying attention to AVAX following the NYSE announcement.
However, the $9 level remains an important hurdle. Failure to break above it could trigger profit-taking, particularly after the sharp gains recorded over the past two sessions.
On the downside, $8 stands out as the first psychological support level. Holding above this area could help preserve the recent recovery, while a drop below it would weaken the immediate bullish outlook.
NYSE Deal Strengthens Avalanche’s Institutional Position
The NYSE selection gives Avalanche an opportunity to expand its presence in traditional finance. Its role in the proposed platform places its technology within the infrastructure plans of a major stock exchange.
As competition grows among blockchain networks seeking institutional adoption, the deal gives Avalanche greater visibility in the tokenized securities market. For AVAX, the immediate reaction has been positive, but a sustained rally will depend on whether buyers can push the price above $9 and maintain momentum beyond the initial announcement.
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