The French -state bank provides an initiative worth $ 27,000,000 to invest in encryption projects: Report
It is said that a state -backed bank in France launches a millions of dollars initiative to invest in encryption projects.
According to a new a report From Bloomberg, the French-government-owned BPIFrance Bank-which includes approximately $ 110 billion in assets under its management-offering an encrypted fund 27 million dollars to invest in startups in digital assets.
It will not be limited to the targeted projects that offer distinctive symbols in return instead of stocks, but also focus on Blockchain protocols with a “strong French imprint” in the areas of decentralized financing (Defi), artificial intelligence (AI), distinctive symbol and assets.
BPIFRANCE CEO, Arnoud Kodos, says the bank needs to intensify its strategy to accumulate to be able to compete with the United States now after he was the politician who supported the reckoning, Donald Trump again.
Cardos also mentioned, according to Bloomberg,
“The new US policy creates a tremendous attractiveness for all encryption companies from all over the world. We want to keep these companies here because we believe a firm belief that it is very important in the future that we have our own ecosystem.”
Earlier this month, Trump announced that the United States will adopt Bitcoin (BTC) and other digital assets as strategic reserve assets, which caused the time at the “Sell-The News” event.
BPIFRANCE first became interested in cryptocurrencies in 2014 when he concluded a deal with the developed professor’s book. In 2022, she continued to invest in the Defi Morpho lending platform.
Follow us xand Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
