Devenez Insider

EXCLUSIVE: BPCE will allow its customers to invest in crypto assets in 2025

Friday, December 20, 2024

Hexarq, the French bank's crypto subsidiary, has just obtained its PSAN authorisation from the Autorité des marchés financiers. It will launch its services within the Banque Populaire and Caisse d'Épargne networks from 2025.

After maintaining a low profile for years, BPCE is set to significantly accelerate its cryptocurrency initiatives. According to our information, the French bank will enable its clients to invest in digital assets starting in 2025.

BPCE will deploy this initiative through its crypto subsidiary Hexarq, which will launch an application for Banque Populaire and Caisse d'Épargne customers. "With this service, BPCE will be able to retain assets from clients who are moving to exchange platforms and also attract new customers," explains a bank insider.

Natixis, BPCE's investment banking arm, is not currently involved in the cryptocurrency initiative. "They will remain focused on market infrastructure and financial asset tokenization," explains the same source. Natixis notably participated in November in the issuance of a 100 million euro bond by Caisse des Dépôts on the blockchain.

Launched in 2021, Hexarq has just obtained its digital asset service provider (PSAN) registration from the Financial Markets Authority (AMF). This allows it to provide custody, buying-selling, and exchange services for crypto assets.

Hexarq is the 4th company, and the 2nd bank after SG Forge, to obtain PSAN registration in France.

For its part, BPCE states that "obtaining regulatory approval does not necessarily mean that an offering will be made in 2025, given the precautions associated with this asset class, but allows us to keep all options open for any future decision."

The BPCE group is among the 10 largest banks in Europe.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5

Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

Item 1
Item 2
Item 3

Unordered list

Item A
Item B
Item C

Text link

Bold text

Emphasis

^Superscript

_Subscript

Cette analyse n'est pas un conseil en investissement. Elle a été rédigée sans prendre en compte votre situation personnelle et notamment votre situation financière, votre profil de risque et vos objectifs d’investissement.

Avant d’investir dans un produit, l’investisseur doit comprendre entièrement les risques et consulter ses propres conseillers juridiques, fiscaux, financiers et comptables.

Cet article est réservé aux abonnés insiders.

Les meilleurs news et analyses cryptos. Chaque semaine. 100% indépendant.

Devenir insider

Everything that matters n Web3

The best news and crypto analysis. Every Week. 100% independent.

Tokens in this article

No items found.

Projects in this article

No items found.

In this category