Europe’s first tokenized equity exchange, Lise – Lightning Stock Exchange, and Kaiko, the global leader in independent market data for digital assets, are joining forces to provide the pricing infrastructure that institutional investors need for tokenized securities.
—
In the first phase of the collaboration, Kaiko will collect, normalize and distribute real-time and end-of-day prices for all tokenized securities listed on Lise, starting with equities.
By integrating this data into existing institutional workflows, custodians, fund managers and asset values gain access to independent, verifiable prices – a prerequisite for regulatory compliance and informed decision-making.
Filling the missing market data gap
The alliance brings together two complementary forces. Lise provides the infrastructure: atomic settlement, 24/7 trading and a seamless DLT native market under the EU DLT Pilot Regime. Kaiko provides the data layer: compliant, verifiable prices that institutions rely on. Together they ensure that tokenized markets operate both quickly and with confidence.
“For tokenized equity to become a true asset class for institutional investors, price data must flow through the infrastructure they trust. Our partnership with Kaiko solves this from day one: every issuer listed on Lise will have its prices available through Kaiko’s platform, giving investors, custodians and valuers the independent data they need,” said Mark Kepeneghian, CEO of Lise.
Looking ahead: building a long-term data ecosystem
This collaboration is just the beginning. Future initiatives could include benchmark interest rates and indices for tokenized stocks, advanced analytics for best execution and fair pricing, and enhanced market surveillance capabilities.
By aligning infrastructure and data, Europe is positioning itself to lead the global adoption of tokenized capital markets. Kaiko’s global coverage allows every security listed on Lise to be priced, valued and accessible to investors anywhere in the world.
“Price data is the entry point for institutional participation in any market. Our partnership with Lise, a regulated European exchange, gives institutions access to independent, auditable prices for tokenized shares at launch, laying the foundation to treat these instruments as fully investable,” said Elodie de Marchi, COO of Kaiko.
In short, this partnership is about more than trade; it’s about making tokenized equity viable, transparent and reliable for institutional investors.
Loading tweet…
View Tweet
By combining Lise’s trading and settlement capabilities with Kaiko’s data expertise, the tokenized capital market is no longer a theoretical future – it becomes operational today.