The context while the tokenization is gaining ground in the market rooms, the institutions are starting to test these new tools in regulated frameworks. With Spiko, Bpifrance chooses to experience the blockchain applied to cash management concretely. A fund backed by French public debt, available on Ethereum the public investment bank Bpifrance has carried out a subscription, on equity, in the Spiko Euro fund, a tokénized monetary fund accessible via the Ethereum blockchain. This product is invested exclusively in French treasure vouchers and allows shares of units to benefit from daily interests as well as total liquidity, with the possibility of transferring their titles continuously and without geographic constraint. Spiko, the company behind this fund, was founded in 2023 by Paul-Adrien Hyppolite and Antoine Michon. The fintech specializes in the tokenization of financial instruments, with the aim of modernizing post-market infrastructure. In 2024, she became the first European player to launch a tokenized monetary fund on a public blockchain. Today, it manages more than 220 million euros in outstanding and works with around 700 companies. The Spiko Euro Fund is based on a tokénized shareholder register, which allows increased transparency on operations and the holding of shares. This mechanism also aims to improve the management of collateral and centralization of cash. For Bpifrance, this subscription represents an investment in a technological and regulatory framework already in place, while exploring new uses linked to the tokenization of assets. The blockchain is gaining ground among institutions in France Bpifrance no longer hides its interest in the web3. The bank is today one of the main financiers of blockchain in France, with more than 150 million euros invested in the ecosystem. She supported nearly 200 hexagonal start-ups, through direct acquisitions (such as Acinq, DFNS, Flowdesk or Arianee) and via specialized funds such as White Star Capital, Ledger Cathay or Sparkle Ventures. The French ecosystem also moves on the side of the big banks. Société Générale, through its SG-Forge subsidiary, led, last December, an interbank refinancing pilot operation with the Banque de France, using an MNBC (Central Bank Digital Mint). The operation was based on tokénized obligations on the Ethereum blockchain, used as collateral. Result: a fluid, traceable and conforming transaction, which reinforces the idea that MNBC could play a key role in the finance of tomorrow. Same logic on the side of the Deutsche Bank, which works on a Blockchain LAYER 2 called DAMA 2, based on ZKSYNC technology. The objective: to allow institutional actors to benefit from the advantages of public blockchain, while respecting high standards of compliance. Approved validators, supervision dedicated to regulators, transparency of flows … The framework is reassuring for a sector still cautious vis-à-vis public networks. To go further: crypto patriotism: should we really buy “made in France” tokens? Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.
