An initiative backed by BNP Paribas and Bpifrance has launched to offer an innovative tokenised solution for investors to access SMEs and mid-cap companies in Europe.
Lise has submitted its DLT MTF (Multilateral Trading Facility using Distributed Ledger Technology) license application to the ACPR (French Prudential Supervision and Resolution Authority) under the European DLT Pilot Regime.
Commercial operations have not yet initiated and are awaiting the approval of all necessary regulatory approvals.
“Announcing the name Lise marks a key milestone. We are following our roadmap with determination, building a market infrastructure that will open new financing opportunities for SMEs and mid-cap companies,” said Mark Kepeneghian, CEO of Lise.
Lise is designed to broaden access to public equity markets for SMEs and mid-cap companies by shortening the public listing process. Its structure fundamentally rethinks the IPO, according to its management.
In partnering with banks that have strong SME connections, Lise will enable businesses to raise €2m to €8m in equity, supplementing bank loans and supporting a sustainable growth method that complements traditional bank financing.
The Lise framework will also enable Investment banks and brokers the ability to offer clients a new access point to capital markets.
For the first time in Europe, shares will be tradable through a constant, 24/7 secondary market environment.
Lise is a subsidiary of Kriptown, a specialist asset tokenisation, which has obtained BNP Paribas and Bpifrance as shareholders since October 2024.
Lise aims to launch its first IPO in 2025, subject to obtaining DLT TSS approval.
