France’s New Tokenized Stock Exchange Aims to Revamp IPOs

France’s Lightning Stock Exchange (Lise) has entered the market with a bold plan to revolutionize initial public offerings (IPOs). Lise, headquartered in France and backed by major French banks like BNP Paribas and Bpifrance, aims to launch Europe’s first fully tokenized equity exchange for small and medium-sized enterprises (SMEs). This groundbreaking approach is fueled by the issuance of a DLT trading and settlement (TSS) license from the French Prudential Supervision and Resolution Authority (ACPR). This signifies Lise’s readiness to operate its innovative platform, setting a precedent for the future of financial markets.