🇫🇷 CACEIS invests in Kriptown to launch the Lise blockchain exchange

According to PANews, CACEIS, a subsidiary of Crédit Agricole, has acquired a minority stake in Kriptown to support Lise, Europe's first tokenized blockchain exchange for small and medium-sized businesses.

What is Lise?

— A platform for tokenized financing and listing of SMEs

— Built on DLT (distributed ledger technology)

— Awaiting approval from the EU as part of a pilot program

— First IPO on blockchain — as early as 2025

Advantages:

▫️ Simplified access to capital for SMEs

▫️ Minimized IPO costs

▫️ Instant settlements without intermediaries

This is a big step towards the full tokenization of European financial markets. Europe is picking up speed.