What Kriptown does

Kriptown is a Paris-based fintech founded in 2018 that operates a blockchain-based exchange platform enabling private companies to tokenise equity and raise capital directly from retail investors. The platform combines a primary market (capital-raising campaigns with minimum investments from €1) and a secondary market (24/7 real-time trading of tokenised shares), supplemented by a Kassis employee/partner incentive module based on digital asset pools and a white-label Tokenisation-as-a-Service offering covering real estate, art, patents, and other asset classes. Underlying technology is distributed ledger infrastructure that combines trading and Central Securities Depository functions on a single ledger, enabling atomic on-chain settlement versus traditional T+2 cycles.

The company monetises through a 2% transaction fee on secondary-market buy/sell orders and platform fees on primary-market fundraising campaigns, with bespoke pricing on Kassis mandates. Kriptown is registered with the AMF as a PSAN (digital asset service provider, registration E2022-030) and operates as an agent of Mangopay SA, an e-money institution licensed by Luxembourg's CSSF, for euro payment infrastructure and user IBANs. Kriptown's wholly-owned subsidiary Lise (Lightning Stock Exchange) received a DLT TSS license from ACPR and AMF in October 2025 under the EU DLT Pilot Regime — the first such authorization for a tokenised equity exchange in Europe — and conducted its first tokenized IPO (ST Group) in April 2026.

Kriptown serves a long tail of SMEs and startups seeking capital-market access that is cheaper and faster than a traditional IPO, and retail investors seeking exposure to private companies with low minimums and secondary-market liquidity. The platform has 6,000+ verified users, €5M in cumulative payment volume, and 10,000+ lifetime transactions across named issuers spanning insurance (Leocare, Santexpat.fr), medical devices (F2D Medical, Arterya), AI (Intellig'IA), energy (Brittany Aviation, AlphaOmegaGreen), logistics (Yoomabox), and art (Melpomène). Capital structure is anchored by strategic institutional investors including BNP Paribas, Bpifrance, and CACEIS (Crédit Agricole), with a 2024 round of approximately €4.6M. The company has also launched a public takeover bid for Swedish exchange operator Spotlight Group AB (84% acceptance as of June 2026), signalling geographic and infrastructure expansion beyond France.

Name

Kriptown

Legal name

Kriptown SAS

Website

https://kriptown.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Kriptown is a Paris-based fintech operating a blockchain-based exchange where SMEs tokenise equity to raise capital from retail investors and trade 24/7 on a secondary market. Its subsidiary Lise holds Europe's first DLT TSS stock exchange license, backed by BNP Paribas, Bpifrance, and CACEIS.

Ownership category

akta.pro rank

Product category

Digital Securities Exchange

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

akta.pro secondary industry

Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA)

Keywords

• Tokenized equity exchange
• Digital securities platform
• SME capital raising
• DLT trading infrastructure
• Private market investment

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Fees: Platform charges 2% transaction fee on buy/sell orders on the secondary market, applied to the transaction amount.
2. Fundraising Platform Fees: Companies pay fees to list and raise capital through the primary market fundraising programme.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kriptown operates a tokenized exchange platform that enables private companies and SMEs to raise capital through digital asset offerings (primary market) and provides a 24/7 secondary market for trading these digital securities with on-chain settlement. The platform supports investments starting from €1 and includes complementary services such as the Kassis employee incentive solution and a white-label Tokenisation-as-a-Service offering. Its subsidiary LISE operates as Europe's first DLT Pilot Regime-licensed tokenized equity exchange dedicated to SMEs and mid-cap companies.

Product overview

Kriptown operates as a multi-module investment platform built around two core markets: the Primary Market for capital raising and the Secondary Market for token trading. The platform offers supplementary services including Kassis Incentive (employee/shareholder reward programs), Tokenisation as a Service (white-label tokenization), and Utility Tokens (for goods/services exchange). The company also operates LISE, a subsidiary tokenized stock exchange licensed under the EU DLT Pilot Regime, positioning Kriptown as both a crowdfunding platform and infrastructure provider for tokenized securities.

Differentiator

Problem solved

Functional benefit

Brands

• Kassis by Kriptown: Incentive solution for employee and partner engagement through digital asset-based value sharing, regulated and based on capital increase operations.
• Tokenisation as a Service

Products and services

• Marché Primaire (Primary Market) Primary market offering that enables private companies to raise capital through digital asset (token) issuances representing equity, with investments accessible from a €1 minimum via online participation by individual and institutional investors.
• Marché Secondaire (Secondary Market) Real-time token exchange enabling 24/7 buy and sell orders on digital securities representing shares of listed companies, with on-chain settlement and a 2% transaction fee.
• Kassis Incentive Regulated employee and partner incentive solution that enables companies to create a pool of digital assets tied to company value and distribute them to top contributors for retention and alignment.
• Tokenisation as a Service White-label tokenization platform enabling companies to launch their own tokenization infrastructure across asset classes including real estate, art, forests, infrastructure, luxury goods, patents, and licenses.
• LISE (Lightning Stock Exchange) Wholly-owned subsidiary operating a fully tokenized equity exchange licensed under the EU DLT Pilot Regime, combining trading and CSD functions on a single distributed ledger with 24/7 trading and instant on-chain settlement for SMEs and mid-cap companies.

Quantifiable outcome

• Companies can list and raise capital with minimum investments starting from €1
• +1 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship, minor and core.

• Spotlight Group ABflagshipStrategic or Co-development Partner · 17 June 2026Kriptown SAS launched a public takeover bid for Swedish stock exchange operator Spotlight Group AB, which hosts 200 listed companies with 30 years of experience in the Swedish equity market. Kriptown secured 84% shareholder acceptance. The acquisition would give Kriptown control of an established Swedish trading venue, conditional on achieving 90% acceptance threshold and regulatory approval from the Swedish Financial Supervisory Authority.
• ST GroupminorOthers · 3 April 2026ST Group, a French aerospace and defense parts manufacturer with €3 million in revenues, is the first company to conduct a tokenized IPO on Lise, Kriptown's subsidiary stock exchange, under the DLT Pilot Regime.
• MangopaycoreTechnology or IntegrationKriptown is an agent of Mangopay SA, an Electronic Money Institution licensed by the Luxembourg CSSF. Mangopay provides the payment infrastructure enabling Kriptown to process euro transactions and create personal IBANs for users.

Scale indicators4 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• 21X: Germany-based DLT Pilot Regime-licensed trading and settlement platform for tokenized securities. One of the six EU license holders competing directly with LISE for the same tokenized equity issuance and secondary trading opportunity across Europe.
• Boerse Stuttgart Digital: Digital securities arm of Germany's Boerse Stuttgart, offering tokenized securities issuance, trading and custody under EU regulation. Competes directly with Kriptown in the European tokenized equity and capital markets infrastructure space.
• SIX Digital Exchange (SDX): Swiss-regulated digital asset and tokenized securities exchange operated by SIX Group. Offers end-to-end issuance, trading and settlement infrastructure for digital assets under Swiss DLT law — a near-identical business model to LISE.

Emerging players

• Securitize: US-based tokenization platform for private securities and funds, with strong institutional backing and SEC-registered transfer agent status. Overlaps with Kriptown's Tokenisation-as-a-Service offering and could compete for European issuer mandates.

Broad incumbents

• Euronext: Pan-European incumbent exchange operating major venues in Paris, Amsterdam, Brussels, Dublin, Lisbon, Milan and Oslo. Euronext is actively exploring DLT-based market infrastructure and could launch a competing tokenized venue that dwarfs LISE's scale.
• Deutsche Börse: German exchange operator (Xetra, Frankfurt) pursuing DLT-based post-trade and trading initiatives. Its scale, technology resources and existing institutional relationships represent a significant competitive threat to Kriptown's first-mover position.
• Bitstamp: Europe's longest-standing regulated crypto exchange (acquired by Robinhood in 2024), offering spot crypto and increasingly tokenized securities. Comparable to Kriptown in retail access to digital assets but with substantially larger scale and broader asset coverage.
• Kraken: Major global crypto exchange offering tokenized U.S. equities (xStocks) to European clients. Directly competes for retail investors seeking tokenized equity exposure and has far greater scale, brand recognition and liquidity than Kriptown.
• Coinbase: Largest US-listed crypto exchange with tokenized securities and equities offerings for international clients. Competes with Kriptown for retail flow into tokenized equity exposure and dwarfs Kriptown in scale, liquidity and regulatory footprint.
• Euronext Growth Paris: Euronext-operated multilateral trading facility dedicated to SME and mid-cap listings in France. The incumbent venue Kriptown/LISE is most directly disrupting, with established issuer relationships, liquidity pools and regulatory standing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KriptownFR
• Facebookfacebook.com/kriptownFR
• LinkedInlinkedin.com/company/kriptown

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kriptown