France’s Kriptown runs a blockchain-based crowdfunding platform and has raised a €4.2 million ($4.6m) Series A led by BNP Paribas, Bpifrance and the Centilux Family Office. The startup helps SMEs to raise funds and has applied to French regulator ACPR to launch a combined DLT-based exchange and settlement service (DLT TSS) under the DLT Pilot Regime.
Kriptown sees limited options for European firms to raise equity financing and hopes to address this, particularly in capital intensive sectors such as “reindustrialization” and the energy transition. It will create a 24/7 secondary market for security tokens, which will be accessible to both retail investors and asset manager.
It already holds a French digital asset service provider license. The company’s current investment listing have low investment entry points, often less than €10. So far it has signed up 6,000 investors and processed 10,000 transactions worth €5 million.
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