WSJ Exclusive: Avalanche (@avax) will provide the core ledger technology for the clearing firm on the NYSE-affiliated tokenized securities platform.
Subject to regulatory approvals, the platform is designed to support 24/7 trading, clearing and settlement for its subscribers.
@WSJ in thread
BREAKING: Upcoming NYSE-affiliated tokenized securities platform’s core clearing and settlement layer will be built on top of Avalanche technology.
Avalanche will support the platform’s clearing firm, supporting the development of infrastructure for 24/7 trading, clearing, and settlement.
A landmark step toward the next generation of global financial markets.
The playbook for trust in digital assets is still being written. We’re bringing together the people shaping it.
Sol Noir. An intimate dinner were co-hosting with @WalletConnect , during Breakpoint London.
Nov 16. 30 seats. Invite-only.
What gets decided at a 30-person table shows up on a stage a year later.
Request your seat ⬇️
Ten years ago everyone on crypto twitter was bullish and the bankers said it was all a scam. Now everyone on crypto twitter says it’s all a scam and the bankers are bullish
🚨SCOOP: House Democrats are discussing plans to expand the Crypto Investor and Consumer Bill of Rights, @RepMaxineWaters’ amendment to the Clarity Act in 2025, into a broader crypto “market structure” bill next Congress.
The proposal would fold in Democratic Clarity Act provisions originally offered by Waters in the House (which were not adopted), as well as provisions Senate Democrats were able to agree to with Republicans before the September cloture vote, according to three industry sources who have spoken with Democratic staffers.
Some of the proposals under discussion are said to include giving the @SECGov more of a role in supervising the crypto markets, and a more limited role for the @CFTC. Additionally, it’s likely that further ethics provisions will be offered to restrict the crypto activities of President Trump and other federal officials.
Republicans are calling this a “messaging bill.”
Stablecoins give everyone in the world the ability to hold dollars (and many other major fiat currencies), and send them instantly anywhere in the world for less than 1 cent.
Crypto is showing incredible signs of maturity here. Assets that are directly impacted by election results are getting hammered ($TRUMP, $WLFI, AI-linked miners), while assets that are not ($BTC, $ETH, $SOL, etc.) are doing fine.
A few years ago, people treated crypto as one big hot ball of money. Those days appear to be over. Remarkable.
Had the pleasure of joining a fireside chat at the British Residence in New York last week, on the sidelines of Swell, talking about the UK’s role in the future of financial services. TLDR: it's going to be huge.
Not many people know that our London HQ is Ripple's largest office hub outside of the US. We bet big on London early on. When we took on our current office in 2018 it was two floors with a lot of empty desks. Today it is three floors, every desk is full and we are over capacity.
We made that bet because the UK had the building blocks: deep capital markets, world-leading legal frameworks and regulators, and exceptional talent. But regulation was the missing piece. Post-MiCA, a gap opened up: we were signing deals with major banks across the EU while large UK institutions held back.
That has changed. The UK now has a comprehensive cryptoasset and stablecoin framework incoming, we have a superb City Minister @LucyRigby KC MP and Digital Markets Champion Christopher Woolard CBE driving this agenda forward at real pace, and we are starting to see meaningful engagement from leading financial institutions.
Last week’s announcement with @avivainvestors is a great proof point: a tokenised share class of their £22 billion Sterling Liquidity Fund, launched on the XRP Ledger.
Thanks to the British Consulate team for hosting, City of London Corporation for convening and to @citypolicychair for moderating our discussion. I'm excited for what comes next.
Incredible. @CantonNetwork just received no action relief from the SEC for its network token.
The @SECGov's token taxonomy from March and follow up FAQs have now created a clear pathway out of securities laws—Network tokens are digital commodities.
The next major Bitcoin financial product can start on Alpen.
We’re working with @Alchemy to give wallet and app developers the best-in-class infrastructure to build on Alpen.
Build on Bitcoin’s financial system with tools from Alchemy.