NewTech Friday: Kriptown – Facilitating financing for startups and SMEs

Kriptown, the European neo-exchange for SMEs, is a marketplace that enables companies to raise funds while providing investors with access to a secondary market. Its CEO and Founder Mark Kepeneghian tells more about it. 

What led to the creation of Kriptown?

The objective of Kriptown is to create the first tokenized and regulated market infrastructure within the European Union. Our goal is to initially dedicate this new, more efficient and robust infrastructure to facilitate the financing of SMEs by creating a dedicated stock exchange compartment for them.

This new infrastructure allows, for the first time, the merging of the roles of stock exchange and central security deposit. This new operation model enables instant settlement and delivery without counterparty risk. This is a major evolution in market infrastructure, which, in Europe, has always had settlement and delivery taking place over two days!