This is a great first in France. After the crypto exchangesit is the turn of a bank to obtain the registration PSAN (Provider of Services on Digital Assets) with the Autorité de Marché Financiers (AMF). Very difficult to win, the precious sesame opens the way to cryptos to its lucky holder.
A bank will finally offer crypto services in France
France now has a new actor registered as PSANbringing his total to thirty-one. But the last winner to join the table of service providers differs from the previous ones. Indeed, this time it is a bank that enters the round and not a company specializing in cryptos, immediately tailor-made for this type of service.
And nuance matters. Beyond being an independent financial institution, Delubac & Cie is a PSAN different from previous 30. Founded in 1924, the bank offers a wide range of services for companiesfrom individuals or even administrators.
This institution, almost a century old, is (a priori) not at all specialized in the cryptocurrency and blockchain sector, which can in theory constitute an additional obstacle (adding to the ambient reluctance in France) to offer such services. This therefore testifies to a real desire to embrace modernity and even more: the future! Because as you most likely know if you read these lines, Bitcoin and cryptocurrencies are here to stay.
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Thanks to PSAN: Bitcoin, Ethereum and Tezos on the menu
On his blog, the bank Delubac & Cie even specifies the extent of the services it will offer, initially.
” Initially, the first three digital assets offered will be Bitcoin, Ethereum and Tezos. This offer will make it possible to invest in digitized or tokenized real assets as well as NFTs (Non-Fungible Token, non-fungible token) and to have access to staking. »
It will therefore be possible to buy BTCof the’ETH and you XTZ and to entrust them to the institution which will keep them on behalf of its clients. If the presence of the two largest cryptos in the sector does not surprise anyone, the availability of Tezos (XTZ) can challenge at first sight. The protocol only points to the 48th place of the largest capitalization. However, this protocol occupies a place of choice in France, particularly with institutions and the banking sector.
For several years now, the Societe Generale takes a close interest in Tezos and its solutions, in particular to issue “tokenized” securities. The registration as a PSAN of a French bank is therefore an interesting step forward for the tricolor crypto landscape.
Even French banks are starting to offer crypto services. Get ahead and prepare for the future by registering on the Swissborg reference platform. Up to €100 in free cryptocurrency awaits you there (affiliate link, in return for a minimum deposit of €50).