CACEIS, the branch of agricultural credit asset services, has acquired a minority participation in French Fintech Kriptown to support the launch of Lise, an exchange based on blockchain intended for SMEs and mid -CAP companies.
Lise, the abbreviation of Lightning Stock Exchange, should be the first tokenized scholarship in Europe focused on rationalizing the financing of shares and public lists for small businesses, Caceis said in a press release on Monday.
Lise is currently awaiting regulatory approval as a trading and DLT regulation system (DLT TSS) under the European pilot regime. If it is approved, it would allow companies to issue, exchange and settle financial instruments directly on a large distributed book, reducing time and costs associated with traditional IPOs.
Lise would allow investors to exchange actions on a secondary market that works 24 hours a day, without the bottlenecks of standard compensation houses, nor the long coordination of several intermediaries.
This decision is aligned with the wider push of CACEIS in digital assets, which saw it receive the approval of the Mica earlier this year.
Founded in 2018, Kriptown is developing infrastructure for token financial instruments, incorporating market and post-home operations. The first IPO of Lise is scheduled for 2025, subject to receipt of the necessary approvals.
