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French fintech Kriptown raises €4.2M for blockchain-based SME stock exchange
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Kriptown Secures €4.2M Funding for Blockchain SME Stock Exchange

French Fintech Kriptown Secures Funding to Build First European SME Stock Exchange

A Revolutionary Financial Platform for SMEs

Empowering Small and Medium-Sized Enterprises

French fintech company Kriptown has successfully raised €4.2 million in Series A funding to pioneer the establishment of the first European stock exchange dedicated solely to SMEs. This innovative project falls under the European DLT Pilot Regime, paving the way for the creation of financial markets leveraging blockchain technology.

Opening Doors to a New Investment Avenue

Enhancing Investment Opportunities for Asset Managers and Individuals

Kriptown’s groundbreaking platform will provide both asset managers and individual investors with the opportunity to acquire shares in SMEs. Furthermore, investors will benefit from enhanced liquidity through a 24/7 secondary market, creating a new asset class that adds versatility to the existing PEA-PME eligible assets.

Advancing Regulatory Transformation with DLT Technology

Revolutionizing Market Infrastructure

Kriptown is at the forefront of a regulatory revolution with the European DLT Pilot Regime, enabling the creation of financial markets based on blockchain technology. As a DLT TSS, Kriptown will merge the roles of an MTF and a CSD into a unified infrastructure, ensuring instantaneous delivery versus payment without counterparty risk.

Key Players in the Funding Round

Leading the Way in Financial Innovation

The funding round was led by prominent institutions such as BNP Paribas, Bpifrance, and Centilux Family Office. Mark Kepeneghian, co-founder of Kriptown, expressed enthusiasm about the collaboration with BNP Paribas and Bpifrance, reinforcing the shared vision of creating a dynamic financial ecosystem for SMEs.

Continued Growth in the Fintech Sector

Supporting Emerging Technologies in Finance

This investment follows on the heels of a €2 million investment in Axiology, a DLT securities trading and settlement infrastructure, further highlighting the continued growth and interest in fintech innovations.

Lead image: Kriptown. Photo: uncredited.

Kriptown Secures €4.2M Funding for Blockchain SME Stock Exchange
Disclaimer:

The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
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