France has approved the Lightning Stock Exchange (Lise), marking the country's first fully tokenized equity exchange. Lise has obtained a DLT TSS license under the EU's DLT Pilot Regime, with backing from BNP Paribas and CACEIS. The platform aims to integrate trading and settlement on a single distributed ledger, facilitating instant transactions and minimizing counterparty risk. Lise plans to conduct its initial IPOs in early 2026, introducing a novel approach to digital public offerings. This development positions France as a potential leader in the tokenized securities market, as global RWA tokenization surpasses $33.9 billion, predominantly on Ethereum.