One of France’s Largest Banking Groups to Offert Crypto Investment Services by 2025

BPCE, one of France’s top banking groups, is preparing to venture into cryptocurrency investments for its customers, aiming to roll out the service in 2025 through its subsidiary Hexarq.

This initiative comes after receiving approval from the French financial market regulator, the AMF.

Hexarq, which recently obtained its PSAN (Virtual Asset Service Provider) license, can now legally operate in the French digital asset market. With this approval, Hexarq becomes the second French bank to gain such authorization, following SG Forge. The license permits Hexarq to provide a variety of crypto services, including the buying, selling, and holding of digital assets.

This move aligns with BPCE’s broader strategy to stay competitive in an increasingly digital market. The bank sees cryptocurrency offerings as a way to retain its customers within its Banque Populaire and Caisse d’Épargne networks. Hexarq, which was established just a few years ago in 2021, is now set to lead the bank’s digital asset services.

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France continues to set the pace within the European Union when it comes to crypto regulations. The country became the first major EU economy to accept applications for crypto asset service provider licenses under the new Markets in Crypto Assets (MiCA) framework.

This initiative, launched by the AMF in July 2024, positions France as a forerunner in establishing a regulated crypto environment. With the MiCA regulations coming into full force at the end of 2024, France is positioning itself as a key player in Europe’s crypto landscape.

Alongside these developments, other industry players are making similar moves. Gemini, a well-known cryptocurrency exchange, recently launched operations in France after securing its own VASP registration, further cementing France’s role as a growing hub for crypto businesses within the EU.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.