Axiology secures state backing as Lithuania puts tokenised listings on a par with traditional exchanges

Lithuania's national development bank, ILTE, has opened its SME capital markets subsidy to DLT-based venues, with Axiology among the first to qualify.

Axiology, the financial technology company specialising in distributed ledger technology (DLT) infrastructure for capital markets, announces that it has qualified for Lithuania's SME capital markets subsidy, administered by national development bank ILTE. The move means that companies choosing to list securities on a DLT venue can now access the same state co-funding as those listing on a conventional exchange.

The subsidy reimburses SMEs up to 50% of eligible costs, covering legal, financial advisory, prospectus preparation, and marketing, incurred in listing shares or bonds on a recognised securities venue. Eight companies have used the instrument since launch, with total support exceeding €380,000. A recent amendment also extends eligibility to irrecoverable VAT, improving the economics for first-time issuers.

For SMEs, the practical effect is straightforward: the digital route to capital markets now carries the same public financing support as the traditional one. Share issuances require a minimum equity raise of €500,000, with reimbursement paid following a successful listing completed within twelve months of approval.

Axiology has been building a track record in the region. Earlier this year the company partnered with Profitus, one of the Baltics' leading real estate crowdfunding platforms, to launch digital bond investments. The first bond offering on the platform raised €2.5 million in a week, providing an early indication of appetite for DLT-based fixed income products among retail investors.

Marius Jurgilas, CEO of Axiology, said: "When a national development bank formally treats a DLT venue the same as a traditional exchange for public co-funding, that's a meaningful signal. It tells SMEs that the digital path to capital markets is a legitimate and now publicly supported option”.

"The costs of preparing for an issuance are often too expensive for companies. By covering part of them, we give businesses the opportunity to take advantage of alternative financing options — which naturally increases the supply of securities and the vitality of the capital market," says Tadas Gudaitis, ILTE Board Member and Head of the Business Development unit.

The development adds to a series of moves positioning DLT-based infrastructure as a mainstream component of European capital markets.

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