Lise Lightning Stock Exchange has revealed a collaboration with Memo Bank to provide a tokenized equity exchange for smaller firms, a platform that is said to be the first of its kind in Europe.
Lise is authorized by the Autorité de Contrôle Prudentiel et de Résolution. Its mission is to make capital markets more accessible to companies in key sectors such as energy, defence, and more.
Memo Bank is expected to provide the payment infrastructure, including its banking API and account framework, to enable real-time, atomic delivery-versus-payment (DvP).
Lise’s infrastructure brings a Multilateral Trading Facility (MTF) and a Central Securities Depository (CSD), underpinned by distributed ledger technology (DLT).
This allows Lise to operate 24/7 and to support instant settlement.
Lise’s settlement layer is Tokenized Deposits: commercial bank money issued on blockchain and safeguarded by Memo Bank through a segregated account. Tokenized Deposits act as the settlement asset for all Lise participants.
“To build a next-generation stock exchange designed for SMEs, we needed a banking partner aligned with our technological DNA and our standards of execution. Memo Bank’s discipline, combined with the performance of its API, enables us to manage commercial bank money in real time. It is a critical foundation for achieving instant DvP – the cornerstone of our model,” said Mark Kepeneghian, CEO of Lise.
