TechFlow, August 4 — According to CoinDesk, CACEIS, the asset servicing arm of Crédit Agricole, has acquired a minority stake in French fintech firm Kriptown to support the launch of Lise (Lightning Stock Exchange), a blockchain-based trading platform. The platform will become Europe's first tokenized exchange focused on small and medium-sized enterprises.
Lise is currently applying for a Distributed Ledger Technology Trading and Settlement System (DLT TSS) license under the EU pilot regime. Once approved, companies will be able to issue, trade, and settle financial instruments directly on a distributed ledger, reducing the time and cost associated with traditional initial public offering (IPO) processes.
The platform plans to launch its first IPO project in 2025, subject to regulatory approval timelines. This investment aligns with CACEIS's digital strategy following its earlier acquisition of a Markets in Crypto-Assets (MiCA) license this year.
