Bpifrance Commits to Digital Asset Growth With $27 Million Investment in French Firms

CN
4 days ago

The French investment bank Bpifrance has announced plans to invest the equivalent of $27 million (€25 million) in digital asset firms with a strong French footprint. These investments are part of the bank’s strategic plan and are in addition to loans and equity investments from Bpifrance Digital Venture, Large Venture, and French Touch Capital funds.

According to a statement, Bpifrance’s objective with these investments is to bolster French digital asset investment funds, which are currently very limited. Additionally, directly investing in digital assets is an important step for Bpifrance, as it helps strengthen its knowledge of asset tokenization and liquidity management on the blockchain.

Arnaud Caudoux, deputy CEO of Bpifrance, said that accelerating its digital asset investment strategy reaffirms the company’s commitment to French digital asset entities operating within the European regulatory framework. Caudoux added:

We are convinced of the growing importance that these players will take on in the years to come, and we want to increase French competitiveness and presence in the field of digital assets.

French Minister Delegate for AI and Digital Affairs Clara Chappaz praised Bpifrance’s initiative, stating that it demonstrates France’s desire to become a country of “excellence” for these technologies. Chappaz also expressed the desire for homegrown crypto and blockchain projects to compete on the global stage.

“We are taking a further step to enable our national champions to scale up in a sector where competition is intense: the involvement of financiers, both public and private, is one of the keys to the sustainable positioning of our ecosystem on the international stage,” the French minister said.

In return for the investments, Bpifrance will hold digital assets listed on decentralized financial markets. Some of the French projects earmarked to receive support include those focused on decentralized finance, physical networks, tokenization, (re)staking, layers 1-2-3, artificial intelligence, and identity certification.

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