France’s Move to Strengthen the Blockchain Ecosystem

France’s state-backed investment bank Bpifrance aims to bolster local crypto startups by investing in projects focused on decentralized finance (DeFi), staking, tokenization, and artificial intelligence.

In a March 27 press release, Bpifrance stated that this plan, supported by the French Ministry of Economy and Finance, is designed to “promote emerging technologies and strengthen France’s blockchain ecosystem.”

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Bpifrance Deputy CEO Arnaud Caudoux emphasized:

“We believe blockchain companies will play an increasingly important role in the coming years, and we want to enhance France’s competitiveness in the digital assets sector.”

He also noted the growing U.S. crypto strategy, stating, “The U.S. is really accelerating its crypto strategy, so this move is even more important for us.”

Bpifrance’s Previous Crypto Investments

Bpifrance highlighted its decade-long involvement in the blockchain sector, having invested over €150 million ($162 million) in various projects.

Notably, the bank helped fund the crypto hardware wallet manufacturer Ledger in 2014. Additionally, in 2022, Bpifrance tested token-based investments by purchasing Morpho’s DeFi lending tokens, which have since become the 12th largest DeFi protocol with a total value of $3.24 billion, according to DefiLlama.

France Expands Its Crypto Investments

Crypto projects often raise capital through token-based investments. PitchBook estimates that crypto venture capital deals could exceed $18 billion in 2025, up from $13.6 billion in 2024.

Bpifrance’s initiative reflects France’s increasing interest in the blockchain space and its goal of becoming more competitive in the global crypto ecosystem.

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The post France State Bank Allocates Funds for Crypto Projects! appeared first on Coin Engineer.

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Nasdaq is reviving its interest in cryptocurrency technology and carbon markets in order to open up new markets. However, due to legal restrictions, it aims to offer an institutional-level platform instead of a custody service.

In July, Nasdaq suspended its digital asset custody platform and related license, citing regulatory restrictions in the United States. In an interview with Bloomberg, Nasdaq co-president Tal Cohen said the company will continue to develop crypto technologies for customers instead of seeking a digital asset license.

The exchange wants to expand into carbon markets and aims to attract more customers to new assets with this decision. Tal Cohen stressed that Nasdaq will be strengthened by focusing not only on digital assets but also on carbon markets.

Cohen also touched on the topics of regulations and tokenization. He stated that regulations are a key factor for these technologies and that corporate adoption is equally important. Cohen said that the negative developments that took place last year disrupted adoption and that they will continue to use distributed ledger technology and blockchain technologies, and that they will work on tokenizing assets with limited supply.

Tal Cohen also called on lawmakers to make New York a more attractive financial center for startups in London. He cited European tax policies, strict regulations, and structural problems as the main obstacles to listing in London.

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