Lise: Europe's First Tokenized Stock Exchange
On October 16, 2025, Lise (Lightning Stock Exchange) received approval from the ACPR to operate a trading and settlement system using DLT technology (SNR-DLT). This is a first in Europe.
A Major Breakthrough for European Markets
This approval, the result of coordinated efforts with the Bank of France, AMF, ESMA, and ECB, allows Lise to combine, on a single infrastructure, the functions of a market (MTF) and a central securities depository (CSD). This model revolutionizes the value chain: order execution and settlement become instantaneous, reducing counterparty risk.
According to Mark Kepeneghian, CEO of Lise, « this is a crucial step towards bringing the stock market closer to the real economy and facilitating access to financing for SMEs and mid-sized companies."
The Future Stock Exchange for SMEs and Mid-Cap Companies
Lise aims to provide individual and institutional investors with direct and transparent access, while streamlining the management of securities, dividends, and general meetings through tokenization. Initial public offerings are expected as early as the first half of 2026, with the ambition of anchoring this innovation at the center of European economic sovereignty.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
