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Avalanche tech to clear NYSE-linked tokenized securities, boosting AVAX price 9.5% to $8.78

Market News
09 Nov 2026, 15:50 WIB
Tokenpost
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Bullish
Avalanche tech to clear NYSE-linked tokenized securities, boosting AVAX price 9.5% to $8.78

Avalanche (AVAX) surged over 9.5% to about $8.78 after announcing it will provide core ledger technology for clearing tokenized securities linked to the New York Stock Exchange. The technology will support settlement of tokenized stocks on the Avalanche platform, focusing specifically on the clearing segment. This follows a year-long evaluation by ICE of Avalanche's technology for a tokenized-securities platform. The NYSE's digital issuance lead praised Avalanche's performance and control capabilities, highlighting its importance for the platform's future.

Avalanche's AVAX token is up 7.68% on Pluang, trading at Rp159.281 as of Nov 09, 2026 21:02 WIB. The token sees a market cap of Rp68.6 trillion and a 24-hour volume of Rp4.8 trillion, with most users selling rather than buying at this time.

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