Wall Street deepens its crypto and tokenization push
Schwab, PNC, NYSE and Solana-based venues all announced crypto or tokenization moves.
What we know
CoinDesk reports Schwab added SOL, AVAX and LINK to its crypto platform. PNC and Coinbase announced a pilot for USDC payments for corporate clients, per a crypto news account. An account on X cited a WSJ exclusive that Avalanche will supply core ledger technology for the clearing firm on its tokenized securities platform, subject to approvals. CoinDesk reports Formation launching the first tokenized stock venue on Solana under the SEC's innovation exemption. Tokenized equity supply on Solana hit a record 1.28B. Robinhood announced a Stock Tokens integration on Robinhood Chain.
How the story developed
Schwab, PNC, NYSE and Solana-based venues all announced crypto or tokenization moves.
Charles Schwab added spot trading for SOL, AVAX and LINK. Solana tokenized equity supply hit a record $1.28B, Formation launched a tokenized stock venue on Solana, and Avalanche will provide core ledger tech for the clearing firm on an NYSE-affiliated platform.
NYSE's upcoming 24/7 tokenized-securities platform will settle on Avalanche, Schwab added spot SOL, AVAX and LINK, and PNC clients can now receive USDC.
The NYSE will use Avalanche as the exclusive settlement layer for tokenized stocks on its upcoming 24/7 platform. Solana holders were rattled, though Solana's own tokenized equities supply also hit an ATH.
WSJ reports the NYSE's upcoming 24/7 tokenized securities platform will use Avalanche for clearing and settlement. Seen as a major TradFi-crypto milestone, though Solana holders reacted with concern.
The NYSE-affiliated 24/7 tokenized securities platform will use Avalanche for clearing and settlement, a major institutional validation. Skeptics note price action remains weak.
The NYSE will use Avalanche to settle tokenized stocks on its upcoming 24/7 platform, per the WSJ. It adds to a run of tokenization news, including Solana tokenized equities hitting a record.
NYSE plans to settle tokenized stocks 24/7 on Avalanche (Q4 target), while Formation notified the SEC of a Solana tokenized securities venue targeted for early 2027.
NYSE reportedly chose Avalanche as the exclusive settlement chain for its 24/7 tokenized stock platform. Formation and Bullish are also moving into tokenized securities.
Sources
“Charles Schwab adds $SOL, $AVAX and $LINK to its crypto trading platform”
View post →Compiled with AI by the Global Eye 24 desk from public posts across 5 of our monitored source feeds, and updated each hour while the story develops. Spot an error? Write to corrections@globaleye24.com.