Avalanche Claims 4.8% of $4.86 Billion Tokenized Stocks and Funds Market
Key Facts
The Avalanche network accounted for 4.8% of the tokenized stocks and exchange-traded funds market, which had a market value of $4.86 billion, according to data updated on November 11. Assets on Avalanche’s C-Chain were worth about $233.12 million, according to the RWA analytics dashboard RWA.xyz. The figures come as the New York Stock Exchange plans to use an Avalanche-powered settlement ledger for a future platform for tokenized securities. The Block reported on November 9 that the platform was designed for round-the-clock trading, clearing and settlement, but its launch remains subject to regulatory approval. The move places Avalanche among the technologies a major traditional exchange is testing to expand tokenized securities trading.
The reported share covers stocks and exchange-traded funds combined, while the RWA.xyz dashboard counted 3,874 tokenized assets and 6,949 tokenized products across 19 blockchains. The sector’s total market value is $4.86 billion, putting Avalanche’s $233.12 million in a still-limited market context. On the planned platform, supported securities will not be confined to one blockchain: The Block reported that the NYSE will enable stocks listed across a range of blockchains. The planned settlement ledger is expected to provide speed, reliability and predictable costs, while controlling which entities can participate. Those specifications reflect the requirements of the ledger that records and settles trades, according to Avalanche’s account of comments by NYSE’s Dennis Lee.
According to The Block, Avalanche was selected after about a year of testing the network and assessing whether its technology was suitable for NYSE systems. Avalanche says it will provide the core ledger technology for the clearing company supporting the exchange-linked platform. CoinDesk reported that the NYSE will operate a dedicated blockchain built on Avalanche technology and tailored to the platform’s regulatory needs, rather than settle trades on the public Avalanche network. This distinguishes the technology’s role from the exchange’s operation of an independent ledger, and shows that Avalanche’s infrastructure support does not mean all traded stocks will be confined to its network. The plan comes as the exchange announced agreements with Broadridge Financial Solutions, Computershare, Equiniti and Superstate for issuer-sponsored tokenized securities and transfer-agent functions, alongside existing partnerships with Securitize and tZERO.
The regulatory plans form part of a broader context that began on September 17, 2026, when the U.S. Securities and Exchange Commission announced a temporary, conditional exemption allowing limited trading of tokenized national market system stocks on eligible platforms. The SEC said the exemptions would expire five years after publication of the order and also requested public comment. Under the order, a platform must verify that a tokenized stock gives holders the same rights and privileges as its equivalent traditional stock, and trading must stop if the primary listing exchange halts trading in the underlying stock. The exemption does not cover tokens that provide synthetic exposure to a stock through a derivative or another product, Reuters reported, citing the SEC. These conditions show that using a blockchain-based ledger does not exempt a platform from traditional shareholder-rights requirements and trading controls.
In a separate use of the exemption, Canton Strategic Holdings said the first trades in its tokenized common shares, CNTN, were executed on November 4 on the Canton network, not Avalanche. The trades took place through a licensed trading pool, with atomic settlement, according to the company’s statement. This puts the initial stock transaction on a separate track from the NYSE-Avalanche plan, whose platform remains a future project awaiting approvals. The SEC also said the temporary, limited exemption allows the agency and market participants to monitor how tokenized national market system stocks trade and how on-chain and traditional markets interact. A platform covered by the exemption must post the required notice on its public website at least 30 calendar days before starting operations.
The NYSE is targeting a fourth-quarter 2026 launch for its platform, using its existing technology to match trades, The Block reported, citing a Wall Street Journal report. The timing remains contingent on completing regulatory approvals and operational requirements, including the advance notice required by SEC guidance for eligible platforms. In a parallel effort, Nasdaq said in March 2026 that its token design would keep public companies at the center of ownership rights, the investor experience, transparency and governance, with voluntary participation and regulatory review of any future enhancements. Nasdaq expects to launch its stock token program in the second quarter of 2027, placing the NYSE plan in a broader race to develop tokenized stock trading infrastructure. Avalanche’s 4.8% share remains a current measure of the tokenized stocks and funds market, while its partnership with the NYSE concerns a platform that has not yet begun operating.