Ava Labs CBO says NYSE-Avalanche partnership ends general-purpose blockchains era

John Nahas, chief business officer at Ava Labs, stated that the New York Stock Exchange's collaboration with Avalanche on a tokenized securities platform signifies the end of the general-purpose blockchains era. He emphasized that financial institutions prefer on-chain infrastructure tailored to their specific needs rather than merely experimenting with blockchain. Nahas noted that capital markets demand stable performance, predictable costs, and control over networks, which general-purpose blockchains struggle to provide due to regulatory and operational constraints. He also mentioned that the NYSE tested Avalanche for a year, during which Ava Labs adapted the technology to fulfill the exchange's requirements. Avalanche has been chosen as the exclusive settlement infrastructure for the NYSE's upcoming 24-hour tokenized securities trading platform.

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