French blockchain securities trading platform Kriptown announced the completion of a 4.2 million euro Series A financing, led by BNP Paribas, Bpifrance and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders of the company. The new funds will be used to establish a European stock exchange specifically for SMEs under the European DLT pilot system, allowing the creation of financial markets based on blockchain technology.
In addition, Kriptown has formally submitted a DLT TSS (Trading and Settlement System) license application to the French Prudential Supervision and Resolution Authority (ACPR) under the European DLT pilot system. (Tech.eu)