Bpifrance, a French state-owned investment bank, is set to invest 25 million euros, equivalent to $27 million, in digital assets. This move aims to bolster France’s blockchain industry. The bank plans to purchase and hold crypto tokens associated with decentralized finance (DeFi), tokenization, and staking. The initiative focuses on supporting early-stage local blockchain projects to enhance the broader blockchain ecosystem in France. According to Bpifrance, this direct investment in digital assets marks a significant advancement and a pioneering effort among sovereign wealth funds.
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