This Thursday, a revolutionary event will take place on the financial market: the launch of the first fully dematerialized stock exchange introduction. This innovative initiative, orchestrated by Lise Exchange, will mark a major turning point in the field of finance, where blockchain technology will play a central role. As a pioneer, Lise will open its doors to ST Group, a Toulouse-based SME, which will issue its shares in the form of digital tokens, thus offering a new definition of investment.
The Lise Exchange (Lightning Stock Exchange) is set to achieve an unprecedented milestone. By integrating blockchain technology into its operations, Lise positions itself as the first fully dematerialized stock exchange in the world. This Thursday at 6 PM, ST Group, a company specializing in the design and manufacture of aerospace, defense, and space parts, will be the first actor to embark on this new era. The company’s shares will for the first time be issued in the form of digital tokens, allowing individuals and investors to participate in this key moment of the financial market.
A regulatory framework conducive to innovation
The opening of Lise would not have been possible without obtaining the approval for stock exchange operator from the French and European financial authorities, granted last autumn. Mark Kepeneghian, co-founder and CEO of Lise, emphasizes that the Exchange enjoys the same status as Euronext. The blockchain mechanism allows Lise to issue natively digital, or tokenized, shares, configured to have the same rights as any share on a traditional market. This represents not only a technological advance but also a simplification of the securities trading processes.
An optimized feature for SMEs
Lise is not only guided by technological innovation: it also aims to attract small and medium-sized enterprises (SMEs) to the financial markets. By displaying introduction fees amounting to 30,000 euros, compared to amounts that can exceed 400,000 euros with traditional intermediaries, Lise offers a more accessible alternative. Additionally, annual listing fees of 30,000 to 40,000 euros make the introduction to the stock exchange much more attractive for SMEs seeking funding, which suffer from the lack of contemporary solutions for raising equity.
A revolutionary market model
The Lise model establishes a new standard, promoting instant transactions through its unique infrastructure. The order execution and settlement process are carried out directly, without resorting to traditional clearing circuits. The Exchange operates continuously, providing investment opportunities 24 hours a day, 7 days a week. Mark Kepeneghian highlights the absence of intermediaries as a defining advantage, as it reduces costs and accelerates the processing of listing requests.
Attracting individual investors
Beyond SMEs, Lise also targets individual investors, who are increasingly turning to cryptocurrencies at the expense of stocks. The ambition is to encourage them to return to traditional investments while directing their savings toward the real economy. With an intuitive platform, opening an account will be sufficient to invest, with no additional fees, at any time. The fees will be limited to 0.25% when reselling shares, accompanied by tax benefits such as the IR PME tax reduction. Moreover, shares will soon be able to be integrated into a Share Savings Plan (PEA), further connecting savings to the stock markets.
A promising future
The forecasts for Lise are encouraging. The startup plans to carry out two to three additional stock market introductions by the end of the year and aims to establish a cruising rhythm with two new introductions each month in the coming 16 to 18 months. The demand for ST Group’s introduction already exceeds expectations, indicating the growing interest in this new dematerialized Exchange. The coming days look promising for Lise and the entire financial market, serving as a model for the future of the stock sector.
