PANews reported on October 10 that according to Tech.eu, French fintech company Kriptown has completed a 4.2 million euro Series A financing, aiming to establish the first European blockchain stock exchange focusing on small and medium-sized enterprises (SMEs). The platform is based on the European DLT Pilot Regime, allowing financial markets to be built on blockchain technology, filling the gap in European SME financing solutions.
Kriptown will provide SME stocks to asset management companies and individual investors and provide liquidity through a 24/7 secondary market. BNP Paribas, Bpifrance and Centilux Family Office led the round of financing. Kriptown has submitted a DLT TSS license application to the French Prudential Regulatory Authority.