According to CoinMeta, Charley Cooper, the president of AVA Labs, stated that the New York Stock Exchange (NYSE) has been testing Avalanche technology over the past year and has been exploring ways to integrate it with the exchange's existing systems with AVA Labs. A cooperative relationship has been established between the two parties, but it has not yet been confirmed whether NYSE will choose Avalanche as the blockchain for its tokenized securities platform. In January of this year, NYSE announced the development of a platform for tokenizing U.S. stocks and ETF trading as well as on-chain settlement.