Banking services on Blockchain: France’s bets of 25 million euros on encryption

TLDR:

• The state -owned Bank of France will invest 25 million euros ($ 27 million) in cryptocurrencies that support local Blockcha projects
• DEFI, the symbol, the distinctive symbol, and AI with “strong French fingerprint” include “strong French fingerprint”
• The initiative is supported by the French Ministry of Economy and Finance
• BPIFRANCE has already tested symbolic investments since 2022, including in Defi Platform Morpho
• This step aims to increase the French competitiveness in a global encryption market of 2.7 trillion euros

France takes a bold step in the world of cryptocurrency. The country owned by the country in the country, BPIFrance, Declare On March 27, 25 million euros ($ 27 million) will invest in encrypted currencies. This funds will support local Blockchain projects with what they call a “strong French imprint”.

The initiative comes with full support from the French Ministry of Economy and Finance. It represents one of the first investments in the direct cryptocurrency by the sovereign wealth fund all over the world.

The targeted fields of investment

BPIFRANCE plans to focus its investments on many main areas of Blockchain technology. These include decentralized financing (Defi), symbol, symbol, and artificial intelligence projects.

The bank will receive symbols for its investments. This approach allows them to participate directly in the growth and development of these Blockchain ecosystem.

The French digital and the Minister of Artificial Intelligence, Clara Chapas, highlighted the importance of this step. I stated that public and private financing is “one of the keys to the sustainable sites of our ecosystem on the international stage.”

This is not the first BPIFRANCE project in Blockchain technology. The bank has been active in the sector for nearly a decade.

During that time, more than 150 million euros ($ 162 million) invested in companies related to Blockchain. One of her early investments was at Crypto Hardware Wallet Ledger again in 2014.

Recently, the bank began a limited investment test in 2022. It was a noticeable investment on the Defi lending platform.

Morefu has since grown to the 12 largest DEFI protocol. It is now running about $ 3.24 billion in value, according to the data from Defillalama.

Competition in a growing global market

The Blockchain global ecosystem expands quickly. There are now more than 1000 digital asset investment funds all over the world.

The total market value of encrypted currencies exceeds 2.7 trillion euros. However, French participation in this market is still limited compared to other countries.

Arnoud Kodox, CEO of BPIFRANCE, emphasized the timing of this initiative. He pointed out that “the United States is really accelerating its encryption strategy, so this is more important.”

Caudoux added that BPIFRANCE has already begun to support encryption before the United States moved its pro -Carbuto moves. This indicates that France is trying to create itself books early in the general financing of Blockchain technology.

The investment capital investment in the cryptocurrency is expected to grow significantly this year. According to Pitchbook, Crypto VC deals are expected to exceed $ 18 billion in 2025.

This represents a noticeable increase of $ 13.6 billion collected in 2024. BPIFrance is a value of 25 million euros as part of this broader trend of increasing institutional investment in encryption.

Usually, when the coding platforms launch distinctive symbols, they allocate part of the financiers. These symbols are often subject to closing periods that cannot be sold.

Another part of the symbols is usually given to identify general users. This helps in creating liquidity in the market, although it may sometimes cause a decrease in the distinctive symbol values ​​if users sell their property quickly.

French strategic position

The accelerated investment strategy of BPIFrance aims to put France as a center of excellence for Blockchain technology. The bank will make direct investments in projects with new commercial models related to Blockchain.

These investments will complete the current aid and loans for innovation in BPIFRANCE. They will also work alongside stock investments from the bank’s digital project, the large project and French capital funds.

The ability to invest directly in digital assets is a major step forward for BPIFRANCE. The bank is allowed to carry digital codes listed in decentralized financial markets.

This approach will also enhance BPIFrance knowledge of asset code. Their understanding of liquidity management will improve on Blockchain.

Arnoud Kodos summarized the bank’s vision by saying that they are “convinced of the increasing importance that Blockchain companies will give in the coming years.” He added that they “want to increase the French competitiveness and attend in the field of digital assets.”

The initiative reflects France’s commitment to establishing itself as a leader in Blockchain technology. By providing general financing for encryption projects, the country hopes to sponsor local innovation in this rapidly growing sector.

The investment of 25 million euros, although it is modest compared to the financing of global encryption, is an important symbolic step. It refers to the support of the official French government for encryption technology and Blockchain technology.