Shares, a promising young fintech, becomes the first platform to receive registration as a digital asset service provider (PSAN) and investment services provider (PSI) license to offer equities, ETFs and cryptocurrencies in France.
Shares arrives in France with shares, ETFs and cryptocurrencies
Shares, a neobroker offering a mobile app bundling financial products such as ETFs, equities and cryptocurrencies, has just become the first fintech to obtain registration as both a Digital Asset Service Provider (DASP) and an Investment Services Provider (ISP)..
Each of these authorizations, issued respectively by the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR), will enable fintech to develop fully in France. after winning over 150,000 customers in the UK in the space of just one year.
Benjamin Chemla, CEO and co-founder of Shares :
« We’re very pleased to receive this dual authorization, PSAN registration for cryptocurrencies, and PSI approval for trading shares in listed companies. This represents the culmination of an extremely rigorous collective effort, of which we are very proud. The PSAN and PSI approvals mark a decisive step in the development of Shares, and allow us to announce our launch in July by invitation to our first users.
In addition, Shares has successfully raised over 90 million euros through 3 rounds of financing from renowned players such as Valar Ventures (PayPal founder Peter Thiel’s fund), Singular, Global Founders Capital and Red Sea Ventures, to conquer the European market.
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Shares, a crypto investment and social space
Created in 2021, Shares aims to go further than the usual social trading and offers to build real communities of traders with a view to optimizing each trader’s investments. Where some platforms only allow you to copy trading strategies, Shares also enables you to exchange with other platform users and create real networks.
For 1 euro, Shares enables all its members to invest in listed shares, ETFs and cryptocurrencies. while tracking the activity, portfolio and performance of other community members in real time.. From July onwards, Shares will be introducing a brand-new feature called « Premium Investors », highlighting the best-performing members.
« Shares is the expression of a conviction we hold dearest to our hearts: to make finance accessible to as many people as possible. »
Although still young, Shares already has over 150 employees across France, the UK and Poland. A name to remember for the times to come.
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Published by Éditions Larousse
Source : Press release
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Passionate about the world of decentralized finance and the novelties brought by Web 3.0, I write articles for Cryptoast to help make blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prué
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