First Onchain IPO: Lise Lists ST Group
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Lise, a French blockchain stock exchange, is set to revolutionize the IPO process with the worlds first fully onchain initial public offering. ST Group, an aerospace and defense firm, will be the debut company, with shares traded as digital tokens on blockchain. The IPO, backed by Allinvest Group, is scheduled for April ninth, offering a fee-free, first-come, first-served process. Lises CEO, Mark Kepeneghian, believes this could transform market building, capital raising, and investor-business linking. The move also presents a challenge for smaller companies, addressing issues like low liquidity and regulatory hurdles. Lises regulatory approvals and Hyperledger Besu platform position it well for this pioneering venture. Tokenized stocks are gaining traction, with monthly transfer volumes surging and holder numbers increasing, hinting at a potential new wave in onchain finance.
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