- ICE executive Michael Blaugrund named Avalanche in a September 17 evaluation update.
- Avalanche is being evaluated as potential blockchain infrastructure for ICE’s planned 24/7 tokenized-securities platform.
- No formal contract has been signed between ICE and Avalanche.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is evaluating Avalanche (AVAX) as potential blockchain infrastructure for its planned 24/7 on-chain trading platform.
The disclosure came via a September 17 post on Avalanche’s official X account, which quoted Michael Blaugrund, ICE’s Vice President of Strategic Initiatives.
Sponsored
No formal partnership has been signed, and the comments reflect an ongoing evaluation rather than a final decision.
ICE Weighs Avalanche for On-Chain Trading Venue
The statement was published by Avalanche’s official X account on September 17, quoting Blaugrund directly:
“As we’ve evaluated different platforms, Avalanche checks a lot of those boxes for us, so we’re very engaged with the team”
Avalanche is being evaluated as blockchain infrastructure for ICE/NYSE’s planned 24/7 tokenized-securities platform.
ICE’s planned alternative trading system (ATS) is intended to allow tokenized stocks and ETFs to trade around the clock, with on-chain settlement and stablecoin-based transactions.
ICE announced its tokenized-securities platform plans in January 2026, aiming to combine the NYSE Pillar matching engine with on-chain settlement to support 24/7 trading of tokenized stocks against stablecoins.
ICE has identified considerations including performance, institutional wallet support, interoperability, and the ability to connect with other parts of securities infrastructure, and Avalanche currently satisfies many of those requirements, according to Blaugrund.
Any final system would still need to interface with transfer agents, stablecoin issuers, broker-dealers, and infrastructure such as the DTCC.
Evaluation, Not a Done Deal
Despite the direct mention, no formal partnership or contract has been confirmed — Blaugrund’s comments reflect an ongoing evaluation, not a finalized decision.
ICE has not issued a formal announcement, and Avalanche has not confirmed a signed agreement. The signal originated solely from Avalanche’s own account, with no independent statement issued by ICE or NYSE as of publication.
ICE also has an established relationship with Securitize around the project. In March, NYSE and Securitize announced an MOU under which Securitize would serve as the first digital transfer agent eligible to support blockchain-native securities on the planned NYSE-affiliated platform.
Regulatory Context
The SEC took a major step toward enabling on-chain trading of tokenized U.S. stocks on September 17 through temporary conditional exemptions, but ICE/NYSE’s specific platform remains subject to its own regulatory and operational requirements.
Why This Matters
If ICE ultimately selects Avalanche, the decision could represent a significant institutional use case for a public blockchain in traditional securities infrastructure. It could also provide a high-profile example of how public blockchain networks might be incorporated into tokenized-securities markets.
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