France Launches First Fully Tokenized Equity Market: Lise Revolutionizes IPO Process

France is taking a pioneering step in financial market modernization by launching the Lightning Stock Exchange (Lise). This fully tokenized equity platform is designed to empower small and medium-sized enterprises (SMEs) to enter the public markets more efficiently. Supported by major French banks, Lise aims to streamline IPOs for SMEs by integrating blockchain technology into traditional stock listing processes. The exchange secured a DLT TSS license from the ACPR, enabling regulated trading and settlement of tokenized equities within the EU.