Latest news with #Kriptown
Yahoo
04-08-2025
- Business
- Yahoo
Credit Agricole's Asset Servicing Unit Backs Tokenized SME Exchange in Europe
CACEIS, the asset servicing arm of Credit Agricole, has acquired a minority stake in French fintech Kriptown to support the launch of Lise, a blockchain-based exchange aimed at SMEs and mid-cap companies. Lise, short for Lightning Stock Exchange, is set to be Europe's first tokenized exchange focused on streamlining equity financing and public listings for smaller firms, CACEIS said in a press release on Monday. Lise is currently awaiting regulatory approval as a DLT Trading and Settlement System (DLT TSS) under the European pilot regime. If approved, it would allow companies to issue, trade, and settle financial instruments directly on a distributed ledger, cutting down the time and costs associated with traditional IPO processes. Lise would allow investors to trade shares on a secondary market that operates around the clock, without the bottlenecks of standard clearing houses, or lengthy coordination of multiple intermediaries. The move aligns with CACEIS's broader push into digital assets, which saw it receive MiCA approval earlier this year. Founded in 2018, Kriptown develops infrastructure for tokenizing financial instruments, integrating both market and post-trade operations. Lise's first IPO is planned for 2025, contingent on receiving the necessary while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Finextra
04-08-2025
- Business
- Finextra
Caceis acquires a stake in asset tokenisation firm Kriptown
CACEIS announces the acquisition of a minority stake in Kriptown, the French fintech specialising in asset tokenisation. 0 This investment coincides with the upcoming launch of Lise (Lightning Stock Exchange), its subsidiary, which will be the first European tokenised exchange dedicated to SMEs and mid-cap companies. With this move, CACEIS reaffirms its commitment to driving transformation in the financial sector and fostering digital ecosystems that promote innovation. Kriptown's subsidiary Lise is developing a market infrastructure designed to simplify equity financing and listings for SMEs. Lise has applied for approval as a DLT Trading and Settlement System (DLT TSS) under the European pilot regime, which permits the use of distributed ledger technology (DLT) for issuing, trading, and settling financial instruments on the blockchain. CACEIS's backing marks a strategic milestone for Lise's parent company, reinforcing its governance and enhancing the project's credibility among stakeholders. The investment is in line with CACEIS long-term strategy for digital assets, which it has been pursuing for several years to support the transformation of market infrastructure. This commitment was demonstrated more recently with the granting of MiCA approval, which reinforces the group's belief that technological innovation and regulation must go hand in hand.
