NYSE parent company ICE spent a year testing
@avax for an Alternative Trading System.
Michael Blaugrund and the ICE team are evaluating public L1 rails to support 24/7 tokenized trading.
Why this matters:
Legacy exchanges had every alternative: private permissioned chains, bank consortia, internal ledgers.
Testing public infrastructure signals where institutional conviction is heading. 24/7 onchain trading needs sub-second finality, throughput, and compliance rails that hold up under SEC and FINRA standards.
When the NYSE tests a public L1 for twelve months, tokenized market structure is no longer an experiment.
Institutional rails are live.
source:
theblock.co/news/ecosystems/…