Bpifrance, the state-owned investment bank of France, has announced plans to directly invest in local cryptocurrencies that are not yet listed on exchanges with a fund of 25 million euros.
The new fund will focus on small, newly developed tokens by teams based in France. The fund will not only invest in these cryptocurrencies but may also help them get listed on exchanges.
France has been drawing attention in recent years for its regulations and investments in cryptocurrencies, and this new initiative from Bpifrance aims to strengthen the country's crypto ecosystem and attract international investors to local projects. This move may increase the visibility of new tokens and improve their chances of being listed on exchanges.
