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AVAX Price Rises After Avalanche Announces Tokenization Deal With NYSE

(2 hours ago) · 1 source · Summarized by CryptoBipto

Avalanche's native token AVAX saw notable price gains following reports of a tokenization deal involving the New York Stock Exchange. The deal reportedly involves using the Avalanche blockchain for tokenizing assets in connection with NYSE. AVAX was among the top-performing cryptocurrencies at the time of reporting.

WHY IT MATTERS

The New York Stock Exchange is one of the biggest and oldest stock markets in the world, so any partnership involving it and a blockchain network is noteworthy.

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SOURCES

  • cointelegraph.com

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AVAXTokenizationInstitutional AdoptionAvalancheTraditional FinanceNYSE