NYSE to Settle Tokenized Stocks on Avalanche Blockchain
The NYSE has selected Avalanche (AVAX) as the exclusive blockchain for settling tokenized U.S. stocks on its upcoming 24/7 trading platform. NYSE cited Avalanche's speed, througput and compliance capabilities. The platform is targeting a Q4 launch, pending regulatory approval, with instant settlement and stablecoin funding. This is separate from OKXICE, the venture between OKX and NYSE parent ICE that has recently faced objections from dozens of public companies. AVAX is up ~8% over the last 24 hours. Read more →
Coinbase Gets the Federal Nod
Coinbase has received final approval from the OCC, the federal banking regulator, to establish Coinbase National Trust Company. The charter gives its custody business a federally supervised platform to expand. While Coinbase already operates a custody company regulated by New York, this adds a federal framework as it competes for more of Wall Street’s digital-asset business. Read more →
Schwab Expands Beyond Bitcoin and Ether
Charles Schwab’s crypto offering previously consisted of just bitcoin and ether. Now, clients can also buy and sell Solana, Avalanche and Chainlink, bringing its lineup to five assets. The additions follow October’s rollout of Schwab Crypto to all eligible retail clients, letting investors trade crypto through the same website and apps they use for traditional investments. Trades cost 0.75% each, and accounts remain unavailable in New York and Louisiana. Schwab says more assets are coming. Read more →
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