CACEIS, a subsidiary of the French Agricultural Credit Bank, acquires a minority stake in Kriptown to support the launch of the blockchain exchange Lise

CACEIS, the asset services division of Credit Agricole, has acquired a minority stake in French fintech company Kriptown to support the launch of blockchain exchange Lise. It is reported that Lise aims to simplify the equity financing and listing process for small and medium-sized enterprises and companies, becoming the first blockchain based tokenized exchange in Europe. The platform is currently awaiting approval for the DLT trading and settlement system under the EU pilot program. If approved, it will allow companies to directly issue, trade, and settle financial instruments on distributed ledgers, significantly reducing the time and cost of traditional IPOs. The first IPO is expected to be launched in 2025.