Shares, a promising young fintech company, becomes the first platform to receive registration as a Digital Asset Service Provider (PSAN) and an investment service provider (ISP) license to offer shares, ETFs and cryptocurrencies in France.
Shares lands in France with stocks, ETFs and cryptocurrencies
Shares, a neo-broker offering a mobile application aggregating financial products such as ETFs, stocks and cryptocurrencies, has just become the first fintech to obtain both Digital Asset Service Provider (PSAN) registration and Investment Services Provider (PSI) license.
Each of these authorizations, issued respectively by the Financial Markets Authority (AMF) and the Prudential Control and Resolution Authority (ACPR), will allow fintech to fully develop in France. after winning over 150,000 customers in the UK in just the space of a year.
A first that Benjamin Chemla, CEO and co-founder of Shares, welcomes:
“We are very pleased to receive this dual authorization, the PSAN registration for cryptocurrencies, and the PSI authorization for trading in shares of listed companies. This represents the culmination of extremely rigorous collective work of which we are very proud. A guarantee of the seriousness and quality of our offer, the PSAN and the PSI mark a decisive step in the development of Shares, and allow us to announce our launch in July by invitation for our first users. »
Moreover, Shares has successfully raised more than 90 million euros through 3 fundraising rounds with renowned players such as Valar Ventures (the fund of Peter Thiel, the founder of PayPal), Singular, Global Founders Capital or Red Sea Ventures in order to conquer the European market.
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Shares, a space for crypto investment and sociability
Created in 2021, Shares wants to go further than the usual social trading and offers build real communities of traders with a view to developing everyone’s investments in an optimal way. Where some platforms only allow you to copy trading strategies, Shares also allows you to exchange with other platform users and create real networks.
For 1 euro, Shares allows all its members to invest in listed shares, ETFs and cryptocurrencies while following in real time the activity, portfolio and performance of other members of the community. In addition, from next July, Shares will introduce a brand new feature called “Premium Investors”, highlighting the members achieving the best performance.
“Shares is the expression of a conviction that is very important to us: to make finance accessible to as many people as possible. »
Although still young, Shares already brings together more than 150 employees across France, the United Kingdom and Poland. A name to remember for the times to come.
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Published by Editions 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 the blockchain more accessible to everyone. Convinced that cryptocurrencies will change the future very soon.
Maximilien Prue
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