NYSE will use the Avalanche blockchain for clearing and settlement on its planned tokenised stock platform. The deal was announced on 9 November, and AVAX rallied sharply. Launch is expected in the fourth quarter, pending SEC approval.

On 11 November, Kaupr brings together the blockathon teams from Stockholm for a new webinar. Winning team UProof and finalist OWND share their experiences and how they have taken their project idea forward two months after Stockholm.

Lithuania's Axiology has received an extended MiFID authorisation from the Bank of Lithuania covering the reception, transmission and execution of client orders. Institutions can now subscribe to and redeem units in tokenised money market funds directly through the company.

Danish company Sumary has raised $25m in a seed round led by Singular, which it calls the largest seed round for accounting software in Europe. The money will take its AI tool, already used by Deloitte and Grant Thornton, to more accountants.

Goobit Group's rights issue is fully subscribed, raising approximately SEK 25.1 million before costs. The proceeds leave Goobit debt-free apart from operating liabilities, and will fund the launch of Futureproof.

Coinbase has won full approval from the US banking regulator OCC to establish Coinbase National Trust Company. The charter gives its institutional crypto custody a federal framework, after conditional approval came in April.

NBX and Aprikos Venture have signed an agreement on crypto exchange Nayapaisa in Pakistan, and applied to regulator PVARA for approval – the first step in licensing. The exchange cannot serve customers until approval and licence are in place.

Chief executive Alexander Hagen of Ace Digital believes the sell-off in AI stocks is a normal correction, and points out that bitcoin has fallen from $87,000 to below $74,000 without decoupling from the stock market.