Bursa Efek France Lise berencana meluncurkan IPO on-chain untuk pemasok suku cadang dirgantara ST Group pada 9 April.

Deep Tide TechFlow message, 2 April, according to CoinDesk, the French Lightning Securities Exchange (Lise) plans to list aerospace and space component supplier ST Group on its platform on 9 April. This move is expected to become Europe’s first fully on-chain initial public offering (IPO).

Lise obtained authorization under the EU Distributed Ledger Technology (DLT) pilot mechanism last year. It is the first institution in Europe approved to operate an all-tokenized equity trading venue. Based in Paris, it is supported by French financial institutions including BNP Paribas, CACEIS (a subsidiary of the Crédit Agricole Group), and Bpifrance.

ST Group mainly produces composite material components for aviation, defense, and aerospace projects. It is expected that potential project revenues over the next ten years will be about 59 million euros (around 68 million US dollars).

Lise positions itself as providing smaller and mid-sized enterprises with a lower-cost, higher-efficiency route to listing, to replace IPO processes in traditional capital markets that are time-consuming and expensive. Tokenization technology can enable faster transaction settlement and more efficient ownership tracking. Nasdaq and the NYSE have also previously disclosed plans to trade tokenized securities.