France’s Lightning Stock Exchange Launches Tokenized Equity Platform for SMEs
- Lightning Stock Exchange (Lise) has received a DLT trading and settlement (TSS) license from France’s Prudential Supervision and Resolution Authority (ACPR).
- Lise aims to operate the first tokenized stock exchange in Europe, focusing on small and medium-sized enterprises (SMEs).
- The first tokenized IPOs are expected in early 2026, with plans to tokenize ten more IPOs in 2027.
- Caceis, part of Crédit Agricole, acquired a minority stake in Kriptown to support Lise’s launch.
- The DLT TSS license is part of the EU’s DLT Pilot Regime, which facilitates trading and settlement of crypto assets as financial instruments.
Lise’s initiative represents a significant advancement in the European financial landscape by integrating tokenization into public offerings, potentially lowering costs associated with traditional IPOs.
With the backing of major banks and plans for early tokenized IPOs in the coming years, Lise is poised to reshape how SMEs access capital markets through innovative digital assets. (Source)
