
Avalanche (AVAX) Surges 11% on Tokenization Momentum
Avalanche has experienced an 11% price increase following reports that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has spent a year testing the network for potential use in a regulated tokenized-securities platform. This development aligns with the SEC’s new 'Innovation Exemption,' which permits qualifying venues to trade tokenized U.S. equities on public blockchains for a five-year period. Ava Labs president Charley Cooper and ICE VP Michael Blaugrund confirmed ongoing engagement regarding the use of Avalanche as a settlement layer for an alternative trading system. Beyond the NYSE connection, Avalanche is gaining traction through institutional mandates, including a tokenized fund from New York Life Investment Management and infrastructure migrations by platforms like Japan's Progmat and Korea's Hanwha Investment & Securities. Additional ecosystem catalysts, such as Janus Henderson becoming a validator and the launch of Aave V4, have further bolstered the network's institutional profile. These events collectively position Avalanche as a primary candidate for regulated on-chain asset settlement. The convergence of favorable regulatory frameworks and high-profile institutional testing marks a significant milestone for the broader RWA market.










