Caceis, the Asset Servicing Arm of Credit Agricole, has earned a minority stake in French Fintech Kriptown to support Lise’s launch, a blockchain-based exchange aimed at SME and mid-cap companies.
Lise, short for the Lightning Stock Exchange, is set to be Europe’s first tokenized exchange dedicated to standing equity financing and public listing for smaller companies, Caceis said in a press release on Monday.
Lise is currently awaiting regulatory approved as a DLT trading system and regulating (DLT TSS) Under the European pilot regime. If approved, it will allow companies to issue, trade, and regulate financial instruments directly to a shared ledger, which cuts the time and costs associated with traditional IPO processes.
Lise will allow investors to trade shares in a secondary market operating around the clock, without bottlenecks of standard cleaning houses, or long coordination with many mediators.
The move aligned with Caceis’s broader pushing on digital assets, which saw it received MICA’s approved approval earlier this year.
Established in 2018, the cryptown of the tokenizing instruments will develop, integration of both market and post-trade operations. Lise’s first IPO was planned for 2025, contingent in receiving the necessary approves.
