Kriptown Raises €4.2 Million Series A Funding for Blockchain Exchange

Kriptown Completes €4.2 Million Series A Funding Round

French blockchain securities trading platform Kriptown has successfully concluded its Series A funding round, raising a total of €4.2 million. This significant investment round was notably led by major players in the financial sector including BNP Paribas, Bpifrance, and Centilux Family Office.

Investment Highlights

• Funding Amount: €4.2 million
• Key Investors: BNP Paribas, Bpifrance, Centilux Family Office
• Focus: Blockchain technology in financial markets

Strategic Goals with New Funds

The newly acquired funds are earmarked for the establishment of a dedicated European securities exchange designed specifically for small and medium-sized enterprises (SMEs). This venture will operate under the European DLT pilot regime, aiming to innovate the trading landscape for SMEs through the use of advanced blockchain technology.

Future of Financial Markets

Kriptown's initiative to create this financial market is pivotal as it highlights a growing trend towards integrating blockchain solutions within traditional financial systems. By utilizing blockchain, Kriptown aims to offer greater transparency, security, and efficiency in trading.

Application for a DLT TSS License

In addition to the funding, Kriptown has taken a significant step forward by officially submitting an application for a DLT TSS (Trading and Settlement System) license. This application is under review by the French Prudential Supervision and Resolution Authority (ACPR) and is part of the broader European DLT pilot regime.

The Significance of the DLT TSS License

This license will allow Kriptown to operate within the regulated framework for digital assets, further legitimizing its operations and enhancing its capacity to facilitate blockchain-based securities trading.

Conclusion

Kriptown’s recent funding round and application for a regulatory license underscore a robust movement within the European financial sector towards embracing blockchain technologies. The platform is poised to innovate how SMEs access capital markets, potentially transforming opportunities for growth and investment.