Bpifrance to Invest €25 Million in Digital Assets for Blockchain Growth
Bpifrance, the French state-owned investment bank, plans to invest €25 million ($27 million) in digital assets to support the blockchain industry in France.
- The bank will acquire crypto tokens focused on decentralized finance (DeFi) and staking.
- The initiative aims to bolster early-stage local blockchain projects.
- Bpifrance's direct investment in digital assets marks a significant move among sovereign wealth funds.
- France has positioned itself as a growing crypto hub since 2022, attracting major cryptocurrency firms ahead of the EU's Markets in Crypto Assets (MiCA) regulation.