Reports on the alloys formed from immiscible atoms when they are contained in a nano-sized system have initiated several research activities in the recent years. Bridging of the miscibility gap at nanoscale is significant as it has the potential to produce novel alloy materials with useful technological applications. Although the literature contains noticeable number of reports on the formation of solid solution between bulk immiscible atoms, several issues related to phase stability and microstructure remain unaddressed. This article discusses some of these issues using examples from the work done by the author’s research group on isolated nanoparticles of bulk immiscible binary systems such as Ag-Ni, Ag-Fe and Ag-Co.