Lise to Host France's First Fully On-Chain Initial Public Offering

French blockchain-based stock exchange Lise is gearing up to host the first fully on-chain initial public offering (IPO) of ST Group, a French aerospace and defense company. The tokenized IPO will take place on April 9 with support from Allinvest Group as both financial adviser and bookrunner.

The platform introduces a first-come, first-served allocation for IPO orders and removes subscription and custody fees. Shares issued on Lise are born as security tokens on the distributed ledger technology (DLT), which serves as the golden source for the securities registry.