Lise – Lightning Stock Exchange, Europe’s first tokenized stock exchange, and Kaiko, the world leader in independent digital asset market data, have partnered to provide institutional investors with the pricing infrastructure they need for tokenized securities.
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In the first phase of the partnership, Kaiko will aggregate, normalize, and distribute real-time and closing prices for all tokenized securities listed on Lise, including stocks.
By integrating this data into existing institutional workflows, custodians, fund managers and asset valuers will have access to independent and auditable pricing, a prerequisite for regulatory compliance and informed decision-making.
Fill the gaps in missing market data
This partnership brings together two complementary strengths. Lise provides the infrastructure for atomic payments under the EU DLT pilot, 24/7 trading, and a seamless DLT native marketplace. Kaiko provides a data layer of auditable pricing that is compliant with the regulations that institutions rely on. Together, these ensure that tokenized markets operate with both speed and reliability.
“For tokenized equities to become a true asset class for institutional investors, price data needs to go through an infrastructure that institutional investors trust. Our partnership with Kaiko solves this from day one. “Pricing will be made available to all issuers through Kaiko’s platform, providing investors, custodians and valuers with the independent data they need,” said Mark Kepenegyan, CEO of Lise.
Looking to the future: Building a long-term data ecosystem
This partnership is just the beginning. Future initiatives may include reference rates and indexes for tokenized stocks, advanced analytics for best execution and fair value pricing, and enhanced market monitoring capabilities.
By linking infrastructure and data, Europe is positioned to lead the global adoption of tokenized capital markets. Kaiko’s global coverage allows it to price and value all securities listed on Lise, making it accessible to investors everywhere.
“Price data is the entry point for institutional investors to participate in any market. Our partnership with Lise, a European regulated exchange, will give institutional investors access to independent and auditable pricing for tokenized stocks at launch, establishing the foundation for treating these products as fully investable,” added Elodie de Marchi, COO of Kaiko.
So this partnership is more than just a transaction. It is about making tokenized stocks viable, transparent, and reliable for institutional investors.
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By combining Lise’s trading and payments capabilities with Kaiko’s data expertise, tokenized capital markets are no longer a theoretical future, but are being implemented today.

