Europe’s First Fully Onchain IPO Goes Live
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France’s Lise Lightning Stock Exchange is set to make history by listing aerospace supplier ST Group in Europe’s first fully onchain IPO under the EU’s DLT pilot regime. The platform integrates issuance, trading, and settlement into a single blockchain system that operates continuously, removing many of the traditional layers involved in public listings.
Unlike conventional IPOs, this model eliminates subscription fees and underwriter gatekeeping, using a first-come, first-served allocation approach. The development represents a shift toward more streamlined and accessible capital markets infrastructure built on blockchain technology.