Accurafy 4 (A4) is an alternative investment fund managed by Accurafy Advisory (GP) and its four partners. Established in November 2017, it is based in Luxembourg and operates in the venture capital market for fast growing companies.  Thanks to dedicated compartments for each club deal, A4 segregates risk and performance and brings each opportunity to qualified investors (LPs) to beneficiate from its cost-efficient structure.  A4 and the GP invest in tech companies driven by disruptive approaches and resilient management team, with revenue traction and scalable model.  A4 boasts an effective hands-on approach close to founders while maintaining a very low-fee level to bring value and find appropriate exit scenario.

Accurafy 4

Bpifrance provides financial solutions for companies that are booting up the listing on the stock exchange and credit equity. It includes OSEO, CDC Entreprises, FSI, and FSI Regions to offer in your area of financial solutions at every stage of the life of your business.

Bpifrance

BNP Paribas provides banking, financing, investment, savings, and protection solutions. The Group's three operational divisions are mobilized to support each type of clientele in their growth and development projects including corporate and institutional banking, commercial, personal banking, investment and protection services. The company provide financing and investment services to retail customers, associations, businesses, and corporations.

BNP Paribas

Centilux Family Office operators has investment family office.

Centilux Family Office

Kriptown

Kriptown selects regional startups and SMEs and offers to finance their development. The company's platform uses cutting-edge technology and a creative strategy to facilitate equity funding. Members of Kriptowns can participate in these funding exchanges by putting up digital assets that can later be stored, used, or exchanged on our secondary market. Kriptown prioritizes customer satisfaction, innovation, and accessiblity.

Kriptown is a French FinTech company that offers a blockchain-based trading platform that enables users to invest in startups and SMEs. Companies can raise equity funding by selling tokenized versions of their shares, while users can buy, sell, and trade these tokens on the platform's secondary market. The platform handles the primary issuance of tokens and subsequent trading, with instant settlement and delivery in euros.&nbsp;

Kriptown 2024 : Une solution unique en France, bientôt bourse paneuropéenne des PME

Kriptown veut faire renaître les Bourses régionales à partir du Grand Est

Kriptown, une bourse d'actifs numériques pour financer les PME

Dans quoi investir en 2022

Top 2024 des plateformes d'investissement en start

bourse : La Fintech Kriptown lève 1,35 millions d’euros

Kriptown lance la première bourse régionale de financement des start

FinTech / Kriptown : la néo-bourse des startups et PME françaises lève 1,35 million d’euros

KRIPTOWN

Investissez et levez des fonds en toute simplicité

Disrupting the traditional financial system using blockchain

Decentralized Finance (DeFi)

BNP Paribas invests in tokenization startup Kriptown, DLT Pilot Regime applicant

Kriptown is a French fintech company that operates a tokenization platform and neo-stock exchange for startups and SMEs. Founded in 2018, Kriptown aims to facilitate access to equity financing for small and medium-sized businesses while providing investors with opportunities to invest in private companies from as little as one euro. The platform uses blockchain technology to tokenize company shares, allowing investors to buy digital assets linked to the value of a company's equity.
Kriptown's primary offering includes both a primary and secondary market for these tokenized assets. On the primary market, companies can raise funds through token sales representing equity stakes. The secondary market then allows investors to trade these tokens, providing liquidity typically unavailable for private company shares. As of early 2022, Kriptown had facilitated about 10 funding rounds for startups, including a 213,000 euro seed round for insurtech company Leocare. The platform reported over 2,000 transactions on its secondary market as of February 2022.
In addition to its core tokenization and trading platform, Kriptown has developed other offerings. This includes Kassis, which allows companies to create and distribute their own tokens to stakeholders like employees and partners as a form of incentive program. Kriptown also offers its tokenization technology as a service to other companies looking to tokenize various asset classes.
Kriptown is registered with the French Financial Markets Authority (AMF) as a Digital Asset Service Provider (PSAN). The company aims to expand its services under new European DLT pilot regime regulations to operate more like a traditional stock exchange, allowing investors to purchase actual company shares through vehicles like the French PEA-PME savings account.
Key customers and partnerships
Kriptown has partnered with the Grand Est region of France to launch a regional neo-stock exchange called Europa, slated to go live in May 2022. The project received 95,000 euros in support from the regional council. Kriptown participated in an experiment with the Bank of France, providing its technology to test settlement and delivery of unlisted securities as part of the central bank's digital currency trials. The company has been incubated at Platform58, La Banque Postale's startup incubator, since 2019.

Kriptown is a French FinTech company that offers a blockchain-based trading platform that enables users to invest in startups and SMEs. Companies can raise equity funding by selling tokenized versions of their shares, while users can buy, sell, and trade these tokens on the platform's secondary market. The platform handles the primary issuance of tokens and subsequent trading, with instant settlement and delivery in euros.&nbsp;In addition to its main exchange, Kriptown offers a solution for companies to create and distribute their digital assets to stakeholders like employees and partners as part of incentive programs as well as a white-label tokenization technology service for other firms looking to tokenize real-world assets.Kriptown is registered as a digital asset service provider (PSAN) with the French financial regulator AMF. It is authorized to operate a digital asset trading platform, facilitate buying/selling of digital assets for legal tender, and provide digital asset custody services. Moreover, as of October 2024, Kriptown was also a member of the European DLT Pilot regime, which allows it to operate as a multilateral trading facility (MTF) and central securities depository (CSD).&nbsp;Key customers and partnershipsAs of October 2024, the company served over 6,000 users and operated a partner ecosystem, which included enterprises such as France Fintech, ADAN, Early Metrics, Ippon, Plenitude, and Wilco.

MakerDAO is a DAO (governed through the MKR token) that manages the Sky protocol (formerly known as Maker).&nbsp;Developed on the Ethereum blockchain, the protocol allows users to place their funds (through cryptocurrency) as collateral in exchange for its stablecoin DAI, which is pegged to the USD. DAI can be used like any other cryptocurrency and even as savings since holders of DAI are entitled to a return based on the DAI Savings Rate (DSR). The DSR is determined by members of the DAO using a mix of public and proprietary market data.Sky offers access to investing and borrowing DAI through the Oasis app which was developed by some of the creators of protocol. In addition, the protocol is available for developers of DeFi apps who can build apps to facilitate earning, investing, and borrowing DAI. As of May 2024, Sky had integrated with over 400 applications ranging from payment systems to gaming platforms. It generates revenue through stability fees (akin to interest payment on borrowed DAI) and liquidation fees which is an additional charge that occurs when the value of the submitted collateral falls below a set liquidation amount.&nbsp;In April 2022, the protocol announced that it was bridging to StarkNet, a reportedly cheaper and faster zero-knowledge (ZK) overlay chain built by StarkWare. Along with its expansion on Ethereum, the DAO had planned to move toward a multi-chain offering with this rebuild. It planned to roll out this offering in four phases, beginning with a simple bridge between the main blockchain and StarkNet’s Layer 2.&nbsp;In February 2023, the company <a href="https://sp-edge.com/updates/16269?industryIds=64">launched a new lending platform</a> named Spark Protocol, to enable users to borrow, lend, and stake DAI, the protocol’s stablecoin. The platform, which is a fork of Aave's version 3 (v3), will be built by Phoenix Labs, a research and development company formed by the DAO. Additionally, the company also announced the deployment of etherDAI, a liquid staking derivative for Ethereum that will be pegged to the value of ETH. Furthermore, in March, the protocol went on to<a href="https://sp-edge.com/updates/17322"> approve several new proposals </a>that make changes to both its governance structure and the investment of its treasury. These changes divide the DAO’s current structure into smaller self-governed and self-sustained units named SubDAOs, which will also have their own tokens in the MakerDAO ecosystem. Moreover, the proposal also planned to increase the protocol’s revenues by investing a part of its reserves (worth USD 7 billion) into real-world assets and money-market funds.&nbsp;The platform outlined its plans for a major update (named Endgame) in May 2023. The launch was proposed to take place in five phases and will ultimately lead to the creation of a new blockchain. The road map is as follows: 1) launching new branding and website as well as upgraded versions of Dai and MKR tokens; 2) launching six Maker SubDAOs, specializing in user acquisition, decentralized frontends, and collateral allocation; 3) introducing new AI tools to assist governance, including tools for summarizing, interpreting, and generating governance proposals; 4) enabling rewards for governance participation; and 5) deploying a new blockchain to house backend logic for SubDAO tokenomics and governance security. The first phase of the update is expected to be rolled out in the summer of 2024.&nbsp;In August 2024, the protocol followed through with the first phase of its plans by <a href="https://sp-edge.com/updates/32993">rebranding itself under the new name "Sky"</a>, and launching new versions of DAI and MKR tokens named the USDS and SKY.&nbsp;Key customers and partnershipsIn September 2024, Sky<a href="https://sp-edge.com/updates/33252"> partnered with Aave Labs</a>, to launch the “Sky Aave Force” initiative. The initiative featured key proposals such as integrating the newly launched USDS and sUSDS stablecoins on Aave’s V3 protocol, introducing an incentive program for sUSDS suppliers and deploying a direct deposit module for USDS into the Aave Lido Market. Additionally, the partnership will enable the companies to distribute SPK tokens, the native token of Sky’s lending protocol Spark, to create a market for sUSDS on Aave. Collectively, these initiatives enable users to earn yields on their sUSDS deposits from the revenues generated by Sky’s protocol and mint USDS directly on Aave without meeting the usual collateral requirements.

MakerDAO

Founded by former executives of Qualcomm, Solana Labs is the developer of the Solana blockchain, which uses the native cryptocurrency SOL. The company enables developers to create decentralized applications in its blockchain and is capable of carrying out 50,000 transactions per second (TPS) with a theoretical upper limit of 710,000 TPS for the architecture. As of May 2024, the blockchain averaged around 2,400 TPS. This is in contrast to Ethereum’s average of between 13 to 15 TPS. In addition to transaction speed, Solana also has other advantages such as lower transaction fees and improved scalability, given its proof-of-stake consensus mechanism and underlying architecture. The mechanism also enables users to stake their SOL and earn yields for validating the network. Solana provides the ability to create specialized tooling and programming functionality to tokens through <a href="https://sp-edge.com/updates/25910">Token Extensions</a>. This allows developers and businesses to establish rules for tokens, such as dictating their functionality and determining their holders, as well as embed features like whitelisting, automatic transfer fees, and confidentiality provisions for transfers.Solana also provides guides and a content aggregator website for developers to discover tools to create dApps on its blockchain. As of May 2024, more than 440 dApps were created on Solana, ranging across use cases such as DeFi, NFTs, and gaming. It also <a href="https://sp-edge.com/updates/18094">launched a ChatGPT </a>(a chatbot built on OpenAI's GPT model) plugin to allow developers and users to query the blockchain for on-chain data. The plugin works through the ChatGPT interface and allows users to perform various tasks such as checking wallet balances, transferring tokens, and purchasing NFTs.Key customers and partnershipsWeb browser developer Opera partnered with Solana in December 2021 to integrate the blockchain and create a built-in crypto wallet onto the Opera browser to improve accessibility to dApps hosted on the blockchain.As of May 2024, the company served several enterprise clients such as Shopify, Asics, Helio, and Tiplink.Funding and financialsThe total value locked (TVL) in DeFi projects across the Solana blockchain amounted to USD 4 billion as of May 2024. The company raised USD 314 million through an initial coin offering (ICO) of SOL. The ICO was co-led by Polychain Capital and Andreessen Horowitz. The funding was to be used to create a venture investing arm, a trading desk, and support the development of new applications in its blockchain.

Solana

Swiss-based Eidoo is a developer of a wallet that supports cryptocurrencies such as Bitcoin and Ethereum, along with tokens such as DAI, MKR, AAVE, and UNI, among others. In addition, Eidoo provides a DeFi marketplace that integrates with its wallet, allowing users to trade any tokens that they hold. Eidoo also offers a debit card that allows the conversion of digital assets into fiat currencies, such as the GBP and EURO, and spending or even withdrawing cash from ATMs.Eidoo began with the proprietary token EDO, which it also used to raise USD 27.9 million in an initial coin offering (ICO) in 2017. The token was then upgraded following its merger with blockchain oracle provider Provable Things to establish pNetwork, the infrastructure that facilitates cross-chain interactions between multiple decentralized apps, governed by the token PNT. To obtain an Eidoo debit card, users are required to stake PNT ranging from 20 to 200,000 for various service tiers.Eidoo had several applications such as virtual account numbers to deposit money and obtain a tokenized representation of their deposit as well as features to buy, hold, and trade NFTs in the roadmap as of December 2021.

Eidoo

Synthetix is a DAO (governed by holders of its native token SNX) that offers a platform on which users can trade and vote on the creation of on-chain synthetic assets, which are derivatives based on real-world assets. These synthetic assets enable traders to capture the price movements of assets such as cryptocurrencies, fiat currencies, stocks, and commodities, among others, with zero slippage. The protocol allows users to stake SNX as collateral for the debt pool and earn weekly rewards. As of April 2022, Synthetix had USD 642 million in total value locked (TVL).Additionally, Synthetix also offers the opportunity for developers to build on top of the platform to tap into its liquidity as well as develop decentralized perpetual futures, options markets, deal coordination markets, and more. As of December 2021, the protocol served large DeFi platforms including 1inch, Curve Finance, Yearn Finance, and Paraswap.In February 2023, Synthetix <a href="https://sp-edge.com/updates/16609?industryIds=64">deployed version 3 (v3) of its platform </a>on the Ethereum mainnet. V3 reportedly offers more efficient architecture that enables developers to create products that offer a liquid market for any financial derivative, as well as more complex decentralized applications. Additionally, the solution also offers staking and differentiated debt pools, to enable stakers to earn fees from supplying collateral to specific asset pools. The company went on to deploy its protocol on Base, an Ethereum Layer-2 blockchain developed by Coinbase, in April 2024. Moreover, the company announced plans to launch a new perpetual futures exchange named Infinex in the following months.Funding and financialsIn March 2023, Synthetix <a href="https://sp-edge.com/updates/17267">received an investment of USD 20 million </a>from DWF Labs, a Web3 venture capital company. Synthetix plans to use this investment to drive volume for its protocol across both centralized and decentralized exchanges and invest in product development.

Synthetix

Compound is an open-source lending protocol built on Ethereum that allows developers to build DeFi applications for functions such as deposits and lending. Compound offers adjusted money market interest rates based on asset-specific supply and demand and supports a number of Ethereum-based assets for users to take collateralized loans and lock-up assets without borrowing. Locked assets are automatically liquidated if an independent oracle determines that the price has dropped too low. Additionally, since assets are stored in a shared pool, even users with liquidated collateral can claim tokens if they are able to repay the general pool. Compound also <a href="https://sp-edge.com/updates/13038">offers borrowing services</a> for institutional clients that allow them to borrow USD or USDC at a fixed annual percentage rate of 6% using cryptocurrencies such as Bitcoin or Ether as collateral, with a loan-to-value of 90%.As of April 2024, Compound had a total value locked (TVL) of USD 2.3 billion. The protocol is governed by its native-token COMP, which along with a variety of other digital assets that are a part of the Compound ecosystem, are supported by Coinbase Custody, a crypto asset custodian. In August 2022, Compound launched a version of its protocol named “Compound III” which features a single borrowable asset. Users can supply collateral that can never be withdrawn by other users (except during liquidation) and borrow USDC.In May 2022, Compound<a href="https://sp-edge.com/updates/10267"> received a B- credit rating from S&amp;P Global Ratings</a> on its enterprise credit facility which offers 4% annually on deposits of the stablecoin USDC. Notably, Compound claims that this is the first time an "institutional DeFi" product has been scored by a major credit rating agency.Funding and financialsCompound’s last funding round was in November 2019 where it raised USD 25 million in a Series A led by Andreessen Horowitz’s a16z crypto fund to help the company further decentralize the protocol by enabling crypto exchanges and custodians such as Coinbase to maintain the protocol going forward.

Compound

Organizations and protocols that allow individuals to lend their crypto assets and take out collateralized or uncollateralized loans from to/from these projects

Organizations that allow individuals to invest in tokenized financial and real assets

Organizations that provide fully decentralized insurance products

Organizations that apply NFTs across areas of finance such as documentation and non-fractionalized ownership records for assets

Decentralized exchanges that help connect buyers and sellers of DeFi tokens without the need to rely on an intermediary

Organizations that provide digital wallets for users to take custody of DeFi tokens

Blockchains and related protocols that allow developers to build DeFi apps

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

Promotes financial inclusivity, allowing those that won't traditionally have access to credit to raise funds

Companies with the infrastructure segment offer solutions for users to build decentralized applications

<div>
 French Fintech, Kriptown, a blockchain-backed stock exchange focusing on small and medium businesses, lifted EUR 4.2 million (USD 4.6 million) in a Series A funding round that involved BNP Paribas, Bpifrance, and Centilux Family Office.
 The platform offers a service for SMEs and startups to source equity financing by trading tokenised versions of their shares. Users can buy, sell and trade these tokens on a secondary market within the platform. Transactions, including initial token issuance and subsequent trades, are carried out with immediate settlement and delivery in Euros.
 Further, Kriptown also provides a feature enabling firms to craft and distribute their digital assets to relevant participants like employees and partners as part of their incentive schemes. They also offer a white-label tokenisation tech service to businesses interested in tokenising tangible assets.
</div>

Kriptown

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