Paris-based Lightning stock exchange Lise is preparing a listing that could become Europe’s first fully onchain initial public offering.

CoinDesk recently reported that Lise plans to list French aerospace parts supplier ST Group on April 9 local time. ST Group makes composite parts used in aircraft, defense systems and space programs. It estimates potential program revenue over the next 10 years at about 59 million euros ($68 million).

Lise received approval last year under the European Union’s distributed ledger technology (DLT) pilot regime. It is focusing on moving the IPO process itself onchain. It is targeting mainly small and medium-sized companies that face high costs and long timelines when raising capital in traditional markets.

BNP Paribas, CACEIS, a unit of the Credit Agricole group, and French state investment bank Bpifrance are supporting Lise, CoinDesk reported.