# Avalanche’s Clearing Role Coincides With AVAX’s Nearly 10% Rise

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/52341
Published: 2026-11-09T13:50:52.000Z
Updated: 2026-11-09T13:50:52.000Z
Section: Business

> AVAX reached about $8.78 after touching an intraday high near $8.88. ICE had tested Avalanche technology for about a year by September 2026.

Avalanche (AVAX) rose more than 9.5% to about $8.78 on Nov. 9 after Avalanche outlined a role providing ledger technology for clearing tokenized securities tied to the New York Stock Exchange.

Avalanche says it will supply core ledger technology for the clearing segment of an NYSE-linked tokenized-securities platform. The plan is to settle tokenized stocks on Avalanche, with the stated technology role focused on the platform’s clearing segment.

AVAX had risen more than 5% to $8.47 earlier in the move before climbing further to about $8.78. It touched an intraday high near $8.88.

ICE had tested Avalanche technology for about a year by September 2026, assessing whether it could support a tokenized-securities platform. That earlier evaluation focused on the broader platform, while the new announcement places Avalanche’s ledger technology in its planned clearing function. Dennis Lee, the NYSE’s digital issuance lead, publicly recognized Avalanche’s performance and controllability requirements for the platform.