Avalanche Wins NYSE Tokenization Role, Sending AVAX Price Up 10%

Avalanche (AVAX) extended its gains on Tuesday after the New York Stock Exchange (NYSE) selected its blockchain infrastructure to support settlement operations for a new tokenized securities platform. The announcement has strengthened Avalanche’s position in the institutional finance sector as major financial institutions increasingly explore blockchain-powered market solutions.

The cryptocurrency rose 5.2% to $8.60 over the previous 24 hours, following an earlier climb to $8.99. The move brought AVAX close to the important $9 resistance level, which traders are now watching for a potential breakout.

Trading activity also picked up considerably. Avalanche recorded $537 million in daily trading volume, an increase of nearly 448% compared with the previous day. The latest advance followed Monday’s rally, when the token gained as much as 10%, outperforming most major cryptocurrencies.

NYSE Integrates Avalanche Into Its Tokenized Securities Plans

Avalanche has been chosen to provide the core blockchain ledger for the clearing firm involved in the NYSE’s upcoming digital alternative trading system (ATS). The proposed platform is intended to enable continuous trading, clearing, and settlement of tokenized securities.

Once operational, the system could allow investors to trade tokenized U.S. stocks and exchange-traded funds around the clock, moving beyond the limitations of conventional stock market hours.

The project will run on a dedicated Avalanche network designed to accommodate institutional requirements. The NYSE will retain its existing Pillar matching engine for processing buy and sell orders, while Avalanche will supply the underlying settlement infrastructure.

This selection reflects the growing interest among traditional financial institutions in blockchain technology as a way to improve settlement efficiency and modernize financial markets.

Several other major market operators are pursuing similar initiatives. Nasdaq is developing infrastructure for tokenized securities, while the Depository Trust & Clearing Corporation (DTCC) is also advancing blockchain-based settlement projects.

The NYSE’s decision gives Avalanche an important opportunity to strengthen its presence in this emerging market. Its involvement in a major exchange’s infrastructure plans could help establish greater institutional confidence in the network.

AVAX Approaches $9 as Trading Volume Climbs 448%

AVAX is testing a critical price zone after a strong recovery over the past two sessions. The token advanced from around $7.82 to an intraday peak of $8.99, bringing the $9 resistance level within reach.

A sustained move above $9 could shift attention toward the next resistance zone near $9.10.

The sharp rise in trading volume indicates increasing market participation following the NYSE announcement. If buyers maintain their momentum and push AVAX above $9, the cryptocurrency could extend its recovery toward higher price levels.

However, weakening demand could lead to short-term profit-taking. Under that scenario, the $8 mark represents an important psychological support level that traders may monitor.

Beyond the immediate price rally, the NYSE partnership supports Avalanche’s broader ambition to expand into institutional financial services. As traditional markets explore tokenized stocks, ETFs, and blockchain-based settlement systems, Avalanche is positioning its technology as an option for large-scale financial applications.

The collaboration provides a notable boost to those ambitions, connecting Avalanche’s infrastructure with the development plans of one of the world’s leading stock exchanges.