{"id":61240,"date":"2025-10-16T15:55:37","date_gmt":"2025-10-16T15:55:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lightning-stock-exchange-secures-eu-license-to-launch-europes-first-tokenized-equity-platform\/"},"modified":"2025-10-16T15:55:37","modified_gmt":"2025-10-16T15:55:37","slug":"lightning-stock-exchange-secures-eu-license-to-launch-europes-first-tokenized-equity-platform","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lightning-stock-exchange-secures-eu-license-to-launch-europes-first-tokenized-equity-platform\/","title":{"rendered":"Lightning Stock Exchange secures EU license to launch Europe\u2019s first tokenized equity platform"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/20251016_2039_Futuristic-Stock-Exchange_simple_compose_01k7ps09c3eww936q0nf1n1t5x-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/20251016_2039_Futuristic-Stock-Exchange_simple_compose_01k7ps09c3eww936q0nf1n1t5x-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/20251016_2039_Futuristic-Stock-Exchange_simple_compose_01k7ps09c3eww936q0nf1n1t5x-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/20251016_2039_Futuristic-Stock-Exchange_simple_compose_01k7ps09c3eww936q0nf1n1t5x-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li data-start=\"271\" data-end=\"678\">Lise gains EU license to launch Europe\u2019s first tokenized equity exchange for SMEs.<\/li>\n<li data-start=\"271\" data-end=\"678\">The DLT TSS license enables blockchain-based trading and settlement infrastructure.<\/li>\n<li data-start=\"271\" data-end=\"678\">Lise plans its first tokenized IPO in early 2026, backed by major French banks.<\/li>\n<\/ul>\n<p data-start=\"271\" data-end=\"678\">Lightning Stock Exchange (Lise), a new trading platform headquartered in France, has secured a Distributed Ledger Technology Trading and Settlement (DLT TSS) license from the Prudential Supervision and Resolution Authority (ACPR).<\/p>\n<p data-start=\"271\" data-end=\"678\">The approval marks a major step toward launching what Lise describes as Europe\u2019s first fully tokenized equity exchange dedicated to small and medium-sized enterprises (SMEs).<\/p>\n<p data-start=\"680\" data-end=\"889\">\u201cThis approval authorizes us to operate the first tokenized stock exchange dedicated to equities in Europe,\u201d said Lise\u2019s managing director, Mark Kepeneghian, in a LinkedIn statement announcing the milestone.<\/p>\n<p data-start=\"891\" data-end=\"1284\">Backed by leading French financial institutions including BNP Paribas and Bpifrance, Lise operates as a subsidiary of Kriptown \u2014 a company that brands itself as a \u201cneo-exchange for startups and SMEs\u201d focused on digital assets.<\/p>\n<p data-start=\"891\" data-end=\"1284\">The exchange aims to bridge traditional finance with blockchain innovation, offering a regulated venue for SMEs to raise capital through tokenized equity offerings.<\/p>\n<h3 data-start=\"1291\" data-end=\"1343\">Understanding the DLT TSS license and its role<\/h3>\n<p data-start=\"1345\" data-end=\"1721\">The DLT TSS license falls under the European Union\u2019s DLT Pilot Regime, which provides a regulatory framework for market infrastructures using distributed ledger technology.<\/p>\n<p data-start=\"1345\" data-end=\"1721\">Introduced in March 2023, the DLT Pilot Regime governs the trading and settlement of financial instruments that qualify as crypto assets under the Markets in Financial Instruments Directive (MiFID II).<\/p>\n<p data-start=\"1723\" data-end=\"2079\">According to Lise, the license enables the creation of next-generation market infrastructure by integrating both market and post-trade functions within a single system.<\/p>\n<p data-start=\"1723\" data-end=\"2079\">This approach combines the roles of multilateral trading facilities (MTFs) and central securities depositories (CSDs), allowing for a more streamlined and efficient trading environment.<\/p>\n<p data-start=\"2081\" data-end=\"2322\">The company described the move as a \u201cprofound shift in how financial markets operate,\u201d suggesting that blockchain-based settlement could significantly reduce transaction costs and processing times while improving transparency and security.<\/p>\n<h3 data-start=\"2329\" data-end=\"2372\">Tokenized IPOs set for launch in 2026<\/h3>\n<p data-start=\"2374\" data-end=\"2684\">Lise\u2019s approval follows its emergence from stealth in April 2025, when the company outlined its mission to \u201cfundamentally rethink\u201d the concept of initial public offerings (IPOs).<\/p>\n<p data-start=\"2374\" data-end=\"2684\">By leveraging blockchain technology, Lise plans to create a secure and cost-efficient alternative to traditional public listings.<\/p>\n<p data-start=\"2686\" data-end=\"3018\">\u201cThe first tokenized IPOs are expected to take place in early 2026, following the completion of issuer onboarding and final operational readiness testing,\u201d Kepeneghian told Cointelegraph.<\/p>\n<p data-start=\"2686\" data-end=\"3018\">The company expects its debut tokenized IPO to serve as a proof-of-concept for its model, with plans to tokenize 10 additional IPOs in 2027.<\/p>\n<p data-start=\"3020\" data-end=\"3384\">The initiative has attracted attention from several major European banks.<\/p>\n<p data-start=\"3020\" data-end=\"3384\">In August, Caceis \u2014 the asset servicing arm of French banking group Cr\u00e9dit Agricole \u2014 acquired a minority stake in Kriptown to support Lise\u2019s development.<\/p>\n<p data-start=\"3020\" data-end=\"3384\">Caceis said the move aligns with its long-term digital asset strategy and commitment to transforming financial market infrastructure.<\/p>\n<p data-start=\"3386\" data-end=\"3640\">Lise\u2019s tokenization push comes amid growing momentum for tokenized securities across Europe.<\/p>\n<p data-start=\"3386\" data-end=\"3640\">Earlier this year, crypto exchanges such as Gemini and Kraken began offering tokenized securities to EU clients under the bloc\u2019s evolving regulatory framework.<\/p>\n<p data-start=\"3642\" data-end=\"3876\" data-is-last-node=\"\" data-is-only-node=\"\">With its regulatory approval and backing from established financial players, Lise\u2019s entry marks a milestone in Europe\u2019s shift toward blockchain-based capital markets \u2014 one that could reshape how SMEs access funding in the digital age.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/lightning-stock-exchange-secures-eu-license-to-launch-europes-first-tokenized-equity-platform\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Lise gains EU license to launch Europe\u2019s first tokenized equity exchange for SMEs. The DLT TSS license enables blockchain-based trading and settlement infrastructure. Lise plans its first tokenized IPO in early 2026, backed by major French banks. Lightning Stock Exchange (Lise), [&hellip;]<\/p>\n","protected":false},"author":3947362390,"featured_media":61241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61240"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362390"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61240"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/61241"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}