CACEIS Joins French Initiative for SME Post-market Blockchain Infrastructure

by Avi Mizrahi
  • The partnership includes: BNP Paribas, Caisse des Dépôts et Consignations, Euroclear, Euronext, S2iEM and Société Générale.
CACEIS Joins French Initiative for SME Post-market Blockchain Infrastructure
Bloomberg

CACEIS, Crédit Agricole’s European depository and transfer agent, has signed an investment agreement intended to develop a post-market Blockchain infrastructure for the SME (small and medium-sized enterprises) segment in Europe.

The London Summit 2017 is coming, get involved!

Launched in June 2016, the objective of this partnership is to improve the access of such companies to capital markets, while facilitating and enhancing the security of post-market operations. It was launched in anticipation of a new regulatory framework in France providing for the issue and distribution of financial securities using Blockchain technology.

This initiative brings together eight major financial institutions: CACEIS, BNP Paribas Securities Services, Caisse des Dépôts et Consignations, Euroclear, Euronext, S2iEM and Société Générale, with the support of Paris Europlace.

Jean-François Abadie

Jean-François Abadie, CEO of CACEIS, remarked: “We are very pleased to participate in this collective innovation process. This promising project combines a wide range of experience and expertise that is appropriate to its ambition to help drive the process of transforming the post-market environment. This is fully in line with the CACEIS strategy of prioritising the development of innovative solutions for its clients.”

Back in March, the regulated European Bitcoin exchange Bitstamp announced a service which enables fund promoters to accept bitcoin capital inflows from retail and corporate clients into their investment funds via a partnership with CACEIS. Fund promoters working with CACEIS as their transfer agent will be eligible to process fund subscriptions and redemptions in bitcoin when the service goes live in the second quarter of 2017.

CACEIS, Crédit Agricole’s European depository and transfer agent, has signed an investment agreement intended to develop a post-market Blockchain infrastructure for the SME (small and medium-sized enterprises) segment in Europe.

The London Summit 2017 is coming, get involved!

Launched in June 2016, the objective of this partnership is to improve the access of such companies to capital markets, while facilitating and enhancing the security of post-market operations. It was launched in anticipation of a new regulatory framework in France providing for the issue and distribution of financial securities using Blockchain technology.

This initiative brings together eight major financial institutions: CACEIS, BNP Paribas Securities Services, Caisse des Dépôts et Consignations, Euroclear, Euronext, S2iEM and Société Générale, with the support of Paris Europlace.

Jean-François Abadie

Jean-François Abadie, CEO of CACEIS, remarked: “We are very pleased to participate in this collective innovation process. This promising project combines a wide range of experience and expertise that is appropriate to its ambition to help drive the process of transforming the post-market environment. This is fully in line with the CACEIS strategy of prioritising the development of innovative solutions for its clients.”

Back in March, the regulated European Bitcoin exchange Bitstamp announced a service which enables fund promoters to accept bitcoin capital inflows from retail and corporate clients into their investment funds via a partnership with CACEIS. Fund promoters working with CACEIS as their transfer agent will be eligible to process fund subscriptions and redemptions in bitcoin when the service goes live in the second quarter of 2017.

About the Author: Avi Mizrahi
Avi Mizrahi
  • 2728 Articles
  • 10 Followers
About the Author: Avi Mizrahi
  • 2728 Articles
  • 10 Followers

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