Bpifrance Pledges to Boost Digital Asset Growth with $27 Million Investment in French Companies
Bpifrance, France’s national investment bank, has announced plans to invest $27 million (€25 million) in digital asset companies with a strong presence in France. The initiative is part of a broader strategy to strengthen France’s digital asset investment fund, which is still modest in size.
Expanding Investments in Digital Assets
Bpifrance has announced that the new investment will complement previous efforts from funds such as Bpifrance Digital Venture, Large Venture and French Touch Capital, with the aim of accelerating growth for companies operating in the digital asset sector. This includes loans and equity investments, aimed at supporting companies developing blockchain and tokenized asset solutions.
In an official statement, Bpifrance said the investment is an important step in strengthening its knowledge of asset tokenization and liquidity management on the blockchain. It is also part of its efforts to scale up the digital asset industry in France.
Promoting the French digital asset ecosystem
According to Arnaud Caudoux, deputy CEO of Bpifrance, the investment strategy reaffirms the bank’s commitment to French digital asset companies operating within a strong European regulatory framework. He added:
“We believe that digital asset companies will play an increasingly important role in the coming years and that France needs to improve its competitiveness in this sector.”
Clara Chappaz, France’s Minister for AI and Digital Affairs, praised Bpifrance’s initiative, saying it demonstrates France’s desire to become a hub for digital asset technology. Chappaz stressed that France needs to support its crypto and blockchain projects to compete internationally.
Supporting blockchain and DeFi projects
Bpifrance also revealed that the projects receiving support will cover areas such as decentralized finance (DeFi), cyber-physical, tokenization, (re)staking, layer 1-2-3, artificial intelligence, and identity certification. In exchange for the investment, Bpifrance will hold digital assets listed on decentralized finance platforms.
The investment bank expects the active participation of financiers, both from the public and private sectors, to be key to France maintaining a robust and globally influential digital asset ecosystem.