TechFlow News, April 2: According to CoinDesk, the French lightning stock exchange Lise plans to list aerospace components supplier ST Group on its platform on April 9—a move expected to mark Europe’s first fully on-chain initial public offering (IPO).
Lise received authorization last year under the European Union’s Distributed Ledger Technology (DLT) Regulatory Pilot Regime and is the first institution in Europe approved to operate a fully tokenized equity exchange. Headquartered in Paris, Lise enjoys support from major French financial institutions, including BNP Paribas, CACEIS (a subsidiary of Crédit Agricole Group), and Bpifrance.
ST Group primarily manufactures composite components for aviation, defense, and space projects, with projected potential project revenue of approximately €59 million (about $68 million) over the next decade.
Lise aims to provide small- and medium-sized enterprises (SMEs) with a lower-cost, more efficient path to listing—offering an alternative to traditional capital markets’ time-consuming and expensive IPO processes. Tokenization enables faster trade settlement and more efficient ownership tracking; Nasdaq and the New York Stock Exchange (NYSE) have also previously disclosed plans for tokenized securities trading.
