CACEIS Acquires Stake in Kriptown to Launch Europe’s First Tokenized Exchange
CACEIS has acquired a minority stake in French fintech Kriptown to support the launch of Lise, a blockchain-based exchange for SMEs and mid-cap companies.
Lise aims to be Europe's first tokenized exchange focused on equity financing and public listings for smaller firms. Key details include:
- Lise is pending regulatory approval as a DLT Trading and Settlement System under the European pilot regime.
- If approved, it will enable companies to issue, trade, and settle financial instruments on a distributed ledger.
- This process would reduce time and costs compared to traditional IPOs.
- Investors can trade shares on a 24/7 secondary market without standard clearing house delays or multiple intermediaries.
This initiative supports CACEIS's strategy in digital assets, following its MiCA approval earlier this year. Kriptown, founded in 2018, specializes in tokenizing financial instruments and plans Lise’s first IPO for 2025, pending necessary approvals.