CACEIS acquired a minority stake in French fintech Kriptown to support tokenized exchange Lise and simplify SME listings.
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 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 approvals.Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence toIan Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Burke steps in as LVMH Americas CEOThe French luxury conglomerate is tapping the former leader of French fashion house Louis Vuitton.
Read more »
Iran says a young French-German cyclist is in custody, a French newspaper reportsIran’s foreign minister has confirmed that his country is detaining a teenage French-German cyclist who disappeared last month, French newspaper Le Monde reported
Read more »
Iran confirms detention of teenage French-German cyclist Lennart Monterlos, French newspaper saysIran’s foreign minister has confirmed that his country is detaining a teenage French-German cyclist who disappeared last month, French newspaper Le Monde reported. The cyclist, Lennart Monterlos, “was detained for having committed an infraction,” the newspaper quoted Iranian Foreign Minister Abbas Araghchi as saying in an interview Thursday.
Read more »
Tobey Maguire Seeks Joint Custody of Son, 9 Years Since Separation From WifeTobey Maguire is finally responding to his estranged wife's divorce petition, nearly 5 years after she filed -- and 9 years since they separated ... and he's seeking joint custody of their son.
Read more »
Five pro-Palestine protesters in custody after chaining themselves to UN's Permanent Mission of EgyptFive people were arrested after pro-Palestine protesters chained themselves to the United Nation's Permanent Mission of Egypt building in Midtown.
Read more »
Two suspects in custody after deadly shooting of pregnant 16-year-old girl at Phoenix parkOfficials say 16-year-old Zariah Dodd was found unresponsive at a Phoenix park after reports of a shooting near 55th Avenue and Osborn Road on July 5, just before 6 a.m.
Read more »