- NYSE selected Avalanche as the settlement infrastructure for its proposed tokenized securities platform.
- AVAX price climbed nearly to $9, trading above its 9- and 21-day moving averages on the 4-hour chart.
The New York Stock Exchange (NYSE) has selected Avalanche (AVAX) to provide blockchain infrastructure for its upcoming tokenized securities trading platform, marking a significant step in the exchange’s plans to bring traditional financial markets onto blockchain networks.
Ava Labs, the company behind Avalanche, announced the partnership on November 9. Under the agreement, Avalanche will provide the core ledger technology for the clearing firm supporting the upcoming NYSE-affiliated digital trading platform.
The proposed platform aims to support 24-hour trading, clearing and settlement of tokenized securities, allowing investors to trade beyond the operating hours of traditional stock markets. However, its launch remains subject to regulatory approval.
🚨 NEW: 🇺🇸 The New York Stock Exchange (NYSE) selects Avalanche ($AVAX) as its blockchain infrastructure partner for a proposed tokenized securities platform. The platform aims to enable 24/7 trading and faster settlement of tokenized stocks, pending regulatory approval. #NYSE #Avalanche #AVAX #Tokenization
— TheNewsCrypto (@The_NewsCrypto) November 10, 2026
According to the announcement, the platform will support equities issued across multiple blockchain networks, while Avalanche will provide the infrastructure used to record and settle transactions.
Following the news, Avalanche’s AVAX token has seen a sharp rally. The token climbed close to $9 before facing selling pressure, with its price falling back toward $8.50 on the four-hour Binance chart.
AVAX Holds Above Moving Averages Despite Selling Pressure
On the four-hour chart, AVAX was trading at $8.512 at the time of the screenshot, down 0.68% on the active candle. The token had earlier climbed from below $7.82 to nearly $9 before reversing part of those gains.
The nine-day moving average stood at $8.348, while the 21-day average was around $8.291. AVAX remains above both indicators, suggesting that the short-term trend has not turned bearish yet.
The Relative Strength Index (RSI) stood at 53.43, above its average of 45.58. An RSI reading above 50 generally indicates that buying momentum remains stronger than selling momentum, although the indicator has eased from its recent peak.
So, the $9 level is the immediate resistance to watch. A sustained move above it could strengthen the recovery, while a failure to reclaim that level may keep AVAX under pressure.
On the downside, the $8.35-$8.29 moving-average zone is the first support area visible on the chart. A break below it could expose the $8.00 level.
The NYSE partnership adds an important institutional use case for Avalanche, but the platform is still awaiting regulatory approval. Its eventual impact on AVAX demand remains uncertain.
