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

Bpifrance, a French state-owned investment bank, is set to invest 25 million euros ($27 million) in digital assets to bolster France’s blockchain industry. The investment will focus on acquiring and holding crypto tokens tied to decentralized finance (DeFi), tokenization, and staking. The initiative aims to support early-stage local blockchain projects, enhancing the broader blockchain ecosystem in France. Bpifrance views this move as a pioneering step among sovereign wealth funds, allowing direct investment in digital assets. This comes as France has positioned itself as a growing crypto hub since 2022, leveraging favorable conditions ahead of the EU’s Markets in Crypto Assets (MiCA) regulation, attracting major crypto firms to establish their European bases in the country. Show Less