France Prepares the World’s First Blockchain-Based IPO
- The French manufacturer of parts for the aerospace company Airbus is set to become the first organization to conduct its IPO via blockchain.
- ST Group never planned to go public on a traditional market, considering blockchain the optimal solution.
- Its advantages: minimum investment — one share, no subscription or storage fees.
A small aerospace company near Toulouse is about to make history. ST Group, which produces high-performance composite parts for Airbus and Dassault Aviation, will be the first traditional company in the world to conduct an initial public offering (IPO) on the blockchain.
The listing is scheduled for April 9 on Lise, a French blockchain-based exchange supported by BNP Paribas, CACEIS from Crédit Agricole, and the state investment bank Bpifrance.
ST Group would never have gone for an IPO on the traditional market. Blockchain technology is a real solution for structural financing problems for small and medium-sized businesses, said Lise CEO Mark Keppegyan.
The process for investors is simple: they register, transfer funds, which are automatically converted into tokenized deposits, and make the subscription with one click. The minimum investment is one share. There are no fees for subscription or storage in the primary market.
The process involves an investment bank and institutional investors, making it a full IPO, not a crowdfunding effort. The only difference is that everything takes place on the blockchain.
Before conducting this unique IPO, Lise received a DLT TSS license from the Prudential Supervision and Insolvency Regulation Authority, France’s financial regulator, as part of the EU’s pilot program for using distributed ledger technology. This “regulatory sandbox” allows blockchain-based financial infrastructure to operate within traditional legal frameworks.
See also: "Bithumb Postpones IPO Plans to 2028 Amid Tightened Regulatory Scrutiny"
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