#XrisLogbook 169 - Markets , Mindset , Mechanics 🇫🇷

👍🏻 A quiet shift in capital markets is taking shape: France is set to host what is the first fully tokenized IPO with Lise … a project we backed early at ACCURAFY4. Beyond the tech, this marks a structural evolution: lowering barriers for SMEs, simplifying investor access, and paving the way for faster, more inclusive, potentially 24/7 markets. If successful, this could redefine how companies go public… not just digitizing assets, but reshaping access to capital itself. 🚨

👎🏻 After more than two decades investing in real estate in France (at one point managing over a dozen rental properties across short-, medium-, and long-term strategies) I’m now closing the chapter. The last asset I’m holding, my very first acquisition in Lyon, is a strong one on paper, but a wave of tax changes, rent controls, energy regulations, insurance constraints, and finally continuous refurbishments to improve efficiency turned it into a disproportionate burden. When a single remaining property forces full administrative exposure and complexity, it stops being an investment and becomes friction. 🏠

✍🏻 A 20-year-old asked me this week whether he should leverage his student loan to invest in rental property… a smart instinct, especially in France where long-term, low-rate debt can work in your favor. On paper, it makes sense. But in reality, unless he can access off-market, undervalued deals, I wouldn’t invest in French real estate anymore, it’s become too complex for the returns. What I told him instead: his mindset is already his biggest asset. At his age, the real advantage is time and risk capacity… so rather than locking everything into property, he should explore a balanced approach with ETFs and selective exposure to high-potential SMEs. Because in the end, expecting high returns without taking risks is the only strategy that consistently underdelivers. 💰

🙏🏻 Special thanks this week to Karim , Neila , Mark , Arnaud , Karl

✨Star of the week : Lise pioneering the world’s first tokenized IPO


#CapitalMarkets #Tokenization #RealEstate #InvestmentStrategy #WealthBuilding #FinancialFreedom #Entrepreneurship#RiskAndReward #FutureOfFinance