Ava Labs: The New York Stock Exchange has been testing Avalanche technology for nearly a year

According to The Block, Charley Cooper, President of Ava Labs, stated that the New York Stock Exchange (NYSE) has been testing Avalanche technology over the past year and is collaborating with Ava Labs to explore how it can be integrated with the exchange's existing systems.

Cooper mentioned that a close working relationship has been established between the two parties, but it has not yet been confirmed whether the NYSE will ultimately choose Avalanche as the blockchain for its tokenized securities platform. The NYSE announced in January this year that it is developing a platform for the tokenization of U.S. stocks and ETF trading and on-chain settlement.