Montpensier Arbevel fund and CACEIS collaborate
29 April 2026 France
Image: OrlandoE/stock.adobe.com
Montpensier Arbevel Focus Small 2030 fund, together with CACEIS as depositary, took part in an natively tokenised IPO on Lise.
The firms say it marks the first time a small-cap alternative investment fund (AIF) is subscribing to a natively tokenised initial public offering.
The Montpensier Arbevel Focus Small 2030 fund participated in the IPO of ST Group on Lise — an unified market infrastructure in Europe for natively tokenised equities — with CACEIS providing depositary servicing support.
ST Group is now listed on Lise.
The firms say this subscription, enabled by the operational support of CACEIS as depositary, is a validation of the Lise model.
Mark Kepeneghian, CEO of Lise, notes: “The participation of the Montpensier Arbevel Focus Small 2030 fund in the ST Group IPO, supported by its depositary CACEIS, is a turning point. It is the first time that an alternative investment fund has subscribed to a fully tokenised initial public offering.
“This transaction shows that tokenisation does not replace traditional financial players: it gives them the tools to continue financing the real economy in a more efficient, more transparent and still fully regulated framework.”
Sébastien Lalevée, CEO of Montpensier Arbevel, remarks: “Our participation in the ST Group transaction on Lise supports market initiatives that contribute to the development of the French financial ecosystem.”
Jean-Pierre Michalowski, CEO of CACEIS, adds: “We are delighted to have enabled, within particularly tight deadlines, the subscription of the Montpensier Arbevel Focus Small 2030 fund to this transaction on Lise. This world first demonstrates our ability to support our clients on new market infrastructures.”
The firms say it marks the first time a small-cap alternative investment fund (AIF) is subscribing to a natively tokenised initial public offering.
The Montpensier Arbevel Focus Small 2030 fund participated in the IPO of ST Group on Lise — an unified market infrastructure in Europe for natively tokenised equities — with CACEIS providing depositary servicing support.
ST Group is now listed on Lise.
The firms say this subscription, enabled by the operational support of CACEIS as depositary, is a validation of the Lise model.
Mark Kepeneghian, CEO of Lise, notes: “The participation of the Montpensier Arbevel Focus Small 2030 fund in the ST Group IPO, supported by its depositary CACEIS, is a turning point. It is the first time that an alternative investment fund has subscribed to a fully tokenised initial public offering.
“This transaction shows that tokenisation does not replace traditional financial players: it gives them the tools to continue financing the real economy in a more efficient, more transparent and still fully regulated framework.”
Sébastien Lalevée, CEO of Montpensier Arbevel, remarks: “Our participation in the ST Group transaction on Lise supports market initiatives that contribute to the development of the French financial ecosystem.”
Jean-Pierre Michalowski, CEO of CACEIS, adds: “We are delighted to have enabled, within particularly tight deadlines, the subscription of the Montpensier Arbevel Focus Small 2030 fund to this transaction on Lise. This world first demonstrates our ability to support our clients on new market infrastructures.”
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