Uk News

French State Bank Bpifrance allocates € 25 million to direct crypto investment

The French state’s investment bank BPIFrance announced that it plans to launch a new fund up to € 25 million to invest directly in the (unpopular) crypto. The Bank will focus on small, newly created small coins developed by French teams and also support their lists on stock exchanges.

The French Investment Bank Bpifrance introduced a 25 million € fund to directly invest in developing French crypto assets. . decision It is under efforts to feed the bank’s Blockchain technologies and the growth of the digital asset market in France. Arnaud Caudoux, CEO of BPifrance, announced that the target is to accelerate the crypto industry.

Public Investment Bank, which has invested more than € 150 million in the crypto sector in the last 10 years, plans to accelerate its investment and to spend roughly the same amount for the next four years.

Bpifrance received stock after investing in the crypto industry for 10 years and quite positive. Caudoux confirmed this Thursday that the results were there despite some ups and downs and outbreaks. Since 2014, the Authority has supported approximately 200 blockchain initiatives and injected direct equity investments of more than € 150 million and € 15 million through common funds.

Caudoux, except for several cases, noted that all Bpifrance crypto projects are still active and most of them have experienced strong growth. In this context, France insisted on accelerating the crypto attempt in a dynamic US context, so Bpifrance decided to double its investment by diversifying financing tools by diversifying the financing tools: Loans, Özkaynak investments and now Token investments.

“Instead of buying large crypto currencies such as Bitcoin, funds will aim to buy smaller newly created coins published by French projects before listed on crypto exchanges.”

Arnaud Caudoux

French Minister AI and representative of digital Clara Chappaz said that Bpifrance’s initiative strongly pointed to France’s determination to make France a perfect country for these technologies.

France joins the USA to revive crypto interest among investors

According to Reuters, the interest in the crypto has been globally since President Trump’s election win in November. Trump expressed support for the industry, tried to overhaul policies, and even launched his own crypto products. However, European financial ministers are concerned that the US crypto embrace may affect the monetary sovereignty and financial stability of the euro region.

Caudoux said that US policies have suffered to move crypto companies there. Europe has great engineers and big companies and said, ‘We want to keep these companies here because we believe that it is very important to have our own ecosystem in the future.’ Caudoux also claimed that Bpifrance would continue to borrow, but will focus on self -equity investments and coins after successful experiences with Morpho and Aleph. Bpifrance has been out of Aleph since then, but still holding Morpho coins.

Bpifrance’s plan provides a balanced allocation with 100 million € in direct investments, 100 million € for indirect investments through common funds (especially Cathay Ledger) and 25 million € dedicated to tokens. Caudoux announced that Bpifrance could not yet create a coin fund for regulatory reasons, so that the bank was planning to invest as it appeared and they would be included in Bpifrance’s balance sheet.

A few days ago, Chappaz announced his intention to take measures to continue to support the French sector from a regulatory and financial perspective. He said he would bring crypto stakeholders together in April to evaluate the situation of the sector and to make France ‘always preferred’.

Cryptopolitan Academy: Would you like to grow your money in 2025? Learn how to do it with defi in our upcoming Web SClass. Save your place

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button