CACEIS has acquired a minority stake of French fintech firm Kriptown, to back the development of Lise (Lighting Stock Exchange), a blockchain-based exchange.
The startup’s subsidiary Lise, is set to become the first European tokenised market infrastructure focused on small to medium scale enterprises (SMEs) and mid-cap companies.
Lise aims to generate a market ecosystem that minimalises processes associated with equity financing and listings for SMEs.
The platform’s launch is awaiting regulatory approval as a DLT Trading and Settlement System (DLT TSS) under the European pilot regime.
If authorised it would enable companies to issue, trade, and settle financial tools directly on a distributed ledger, reducing the time and costs linked to existing IPO processes.
Lise would enable investors to buy or sell shares on a secondary market that functions continuously without the constrictions of standard clearing houses, or extended arrangements of multiple negotiators.
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