NYSE Tested Avalanche (AVAX) Technology for a Year for Tokenization Push
JH Kim
Summary
- The New York Stock Exchange has reportedly tested Avalanche (AVAX) technology over the past year as it pursues a tokenization business.
- Charley Cooper, president of Ava Labs, said the New York Stock Exchange had been testing Avalanche technology for about a year in connection with its asset tokenization plans.
- It has not been disclosed whether the New York Stock Exchange will adopt Avalanche technology for its tokenization business or provide a detailed launch timeline.
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The New York Stock Exchange has spent the past year testing Avalanche technology as it pursues a tokenization business, Cointelegraph reported on September 18.
Charley Cooper, president of Ava Labs, said the exchange had been testing Avalanche technology for about a year in connection with plans to tokenize assets.
Ava Labs is the developer of the Avalanche blockchain and provides infrastructure for companies and financial institutions seeking to use blockchain technology.
It has not been disclosed whether the New York Stock Exchange will adopt Avalanche technology for an actual tokenization business, or when such a launch might take place.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.