Kriptown funding news – French-based Kriptown Raises €4.2 Million in Series A Round Funding

SMEs are the backbone of Europe’s economy, yet equity financing solutions are limited. It aims to bridge this gap. It will offer asset managers and individual investors access to shares in SMEs, with the added benefit of liquidity through a 24/7 secondary market. This opens up new opportunities for investors and significantly expands the range of PEA-PME eligible assets.

With the DLT Pilot Regime, it leads a regulatory transformation enabling the creation of financial markets on blockchain technology. As a DLT TSS, it integrates the functions of an MTF and a CSD into a unified infrastructure, guaranteeing instant delivery versus payment without counterparty risk.

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It has taken a significant step forward by submitting its DLT TSS licence application to the ACPR under the European DLT Pilot Regime. This move marks a pivotal moment for the company's expansion into the digital asset trading and settlement space.

Mark Kepeneghian, Kriptown's co-founder, stated: "Having BNP Paribas and Bpifrance as shareholders strengthens our mission to create a dynamic financial ecosystem for SMEs. Our goal of reshaping market infrastructure aligns perfectly with their vision of innovation."

About Kriptown

Kriptown offers an innovative, fast, and cost-effective solution for startups seeking to raise funds. By connecting with a diverse investor pool, it provides a simple avenue for both individuals and businesses in the European Union to invest in euros efficiently.