The French stock exchange Lise plans to launch an on-chain IPO for aerospace parts supplier ST Group

The French Lightning Stock Exchange (Lise) plans to list aerospace components supplier ST Group on its platform, which is expected to become Europe's first fully on-chain initial public offering (IPO).

Lise was authorized last year by the EU's Distributed Ledger Technology (DLT) pilot scheme and is the first institution in Europe approved to operate a fully tokenized equity exchange, headquartered in Paris, supported by French financial institutions such as BNP Paribas, CACEIS (a subsidiary of the Agricultural Credit Group), and Bpifrance. ST Group primarily produces composite material components for aerospace, defense, and space projects, with potential project revenues estimated at around €59 million (approximately $68 million) over the next decade. Lise aims to provide a lower-cost and more efficient path to listing for small and medium-sized enterprises, replacing the lengthy and expensive IPO processes of traditional capital markets. Tokenization technology enables faster transaction settlements and more efficient ownership tracking, and Nasdaq and the NYSE have previously disclosed plans for tokenized securities trading.