The U.S. SEC accepts the New York Stock Exchange’s new rules: it plans to introduce a “tokenized securities” trading mechanism that supports on-chain settlement. It is not using a traditional public chain; instead, its core relies on two types of blockchains: an institutional permissioned chain (Canton Network) and a compliant public chain (Polygon, Avalanche subnets).

Canton Network is developed by Digital Asset, a blockchain alliance chain for Wall Street institutions— the official only designated settlement chain.

Surprisingly, there isn’t Ethereum at all; surprisingly, it has Matic and Avalanche! It’s within the range of what was expected to be surprising too! Polygon’s public chain has a well-known application called Polymarket—you’re still that betting app. Avalanche doesn’t seem to have any famous applications.
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