The latest player in the world of crypto adoption, Bpifrance, a state-owned investment bank from France has reportedly planned to spend up to 25 million euros ($26.95 million). Moreover, the firm takes a unique approach by opting for little-known cryptocurrencies over the-top tokens in a bid to support the nation’s crypto infrastructure.
As per the latest reports, the same bank previously spent 150 million euros on investments in blockchain-related projects, including investments in cryptocurrencies. However, this is the first time it has created a dedicated fund plan to buy digital assets directly.
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The fund will focus on stacking smaller and newly-created tokens issued by French projects before the official listing on crypto exchanges, said Arnaud Caudoux. Furthermore, it could also help token projects get listed on exchanges, he added.
As per the official statement, the organization has displayed active interest in cryptocurrencies since U.S. President Donald Trump’s election victory in November 2024. However, the European nation is concerned that the U.S. embrace of cryptocurrencies could effect the euro-zone monetary authority and financial stability on a large scale.
Caudoux revealed that they have great engineers and great companies in Europe, including in the UK.
“We want to keep those companies here because we strongly believe that it is very important in the future to have our own ecosystem.”
Notably, Bpifrance is a financial organization jointly owned by the French state and the country’s public lender, “CDC.” with a primary objective to serve French public policy, the investment bank is widely used in the nation.
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