The French exchange Lise has been approved as the first European exchange for tokenized stocks

ChainCatcher news, Lise (Lightning Exchange) in Paris has received authorization from the French financial regulator ACPR, becoming the first company in Europe to operate a fully tokenized stock exchange.

The exchange combines trading and settlement on a single blockchain platform, targeting French companies with a market capitalization of less than 500 million euros, and plans to launch its first small and medium-sized enterprise IPOs in early 2026. Lise's shareholders include CACEIS (a subsidiary of the French Agricultural Credit Group), BNP Paribas, and Bpifrance.