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Crypto

NYSE to use Avalanche blockchain exclusively for tokenised stock settlement

The New York Stock Exchange will use only the Avalanche blockchain to settle tokenised stocks on a 24-hour trading platform it plans to launch, the Wall Street Journal reported. The platform is expected to go live within the fourth quarter if it receives regulatory approval. Trades will be executed using existing NYSE technology, while settlement will be processed instantly on Avalanche. NYSE said it selected Avalanche after testing several providers.

Crypto

NYSE secures entry to crypto market with Blockchain.com to pursue tokenised stocks

The New York Stock Exchange and crypto exchange Blockchain.com signed a memorandum of understanding to pursue listings of tokenised stocks, Bitcoin Magazine reported. If regulators approve, Blockchain.com users could trade tokenised versions of U.S.-listed stocks and ETFs on an NYSE digital alternative trading system under preparation. Blockchain.com said the link could expand access for its global users. NYSE executives highlighted combining traditional finance trust with digital asset accessibility.

Finance

KRX to launch after-hours market, trading until 8 p.m. from Sept. 14

The Korea Exchange (KRX) will operate an after-hours market from Sept. 14, allowing real-time stock trading until 8 p.m. after the regular session ends. The exchange said it revised rules for its KOSPI and KOSDAQ markets and that 38 brokerages, representing 95.2 percent market share, plan to participate. Existing after-hours single-price trading will be abolished and replaced by continuous matching from 4 p.m. to 8 p.m.