French State Bank Bpifrance Plans $27M Investment in Digital Assets

French State Bank Bpifrance Plans $27M Investment in Digital Assets

Bpifrance, a French state-owned investment bank, plans to invest 25 million euros ($27 million) in digital assets as part of an initiative to strengthen the country's blockchain industry.The bank will buy and hold crypto tokens related to decentralized finance (DeFi) tokenization, staking and staking, it said on Thursday.The plan is for the investments to support local blockchain projects in their early stages for the betterment of the broader b…

The public investment bank plans to invest €25 million in digital assets to support French projects in this area dominated by US financing.

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French State Bank Announces €25 Million Crypto Investment Fund

France's state-owned public investment bank Bpifrance has revealed plans to accelerate its crypto investment strategy with a €25 million ($27 million) fund dedicated to digital assets. The announcement comes as part of a broader effort to support French companies and venture capitalists in the blockchain industry.The bank described this initiative as "pioneering among sovereign wealth funds on a global scale." The Ministry of Economy and Finance…

Bpifrance unveils $27M crypto fund to boost blockchain projects – #CryptoUpdatesGNIT

Key Takeaways Bpifrance launches a $27 million fund to support France’s blockchain sector. This investment marks a pioneering move among sovereign funds globally. Share this article Bpifrance, one of France’s most powerful and influential state-backed institutions, announced Thursday it will invest up to €25 million (approximately $27 million) in digital assets to support the country’s blockchain sector. The bank will not build a strategic Bitc…