Credit Agricole's Asset Servicing Unit Backs Tokenized SME Exchange in Europe
Main Idea
CACEIS, the asset servicing unit of Credit Agricole, has acquired a minority stake in French fintech Kriptown to support the launch of Lise, a tokenized exchange targeting SMEs and mid-cap firms in Europe.
Key Points
1. CACEIS acquired a minority stake in Kriptown to support the development of Lise, a blockchain-based trading platform for SMEs and mid-cap companies.
2. Lise aims to simplify SME listings and is awaiting approval under the EU's DLT Trading and Settlement System (DLT TSS) pilot regime.
3. The platform's first IPO is planned for 2025, pending necessary regulatory approvals.
4. This move aligns with CACEIS's broader push into digital assets, following its recent MiCA approval.
Description
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 Syste...
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