France’s Lise Exchange Plans Chain-Based IPO for Aerospace Parts Supplier ST Group

Huo Xing Finance reports that France’s Lise Lightning Exchange plans to list ST Group, an aerospace components supplier, on its platform—a move that could become Europe’s first fully on-chain initial public offering (IPO). Lise received authorization under the European Union’s Distributed Ledger Technology (DLT) Pilot Regime last year, making it the first institution in Europe approved to operate a fully tokenized equity exchange. Headquartered in Paris, Lise is supported by French financial institutions including BNP Paribas, CACEIS (a subsidiary of Crédit Agricole), and Bpifrance. ST Group primarily manufactures composite components for aviation, defense, and space projects, with projected potential project revenues of approximately €59 million (around $68 million) over the next decade. Lise aims to provide small and medium-sized enterprises with a lower-cost, more efficient listing alternative to the lengthy and expensive traditional IPO process. Tokenization enables faster trade settlement and more efficient ownership tracking; both Nasdaq and the NYSE have previously disclosed plans for tokenized securities trading.