Delubac & Cie Becomes First French Bank Registered As A Digital Assets Service Provider To Offer Tezos

by | Apr 15, 2022 | Adoption, Latest

French bank Delubac & Cie, which recently obtained its registration as a PSAN (Digital Assets Service Provider) will offer Tezos.

It will become the first French bank to offer this type of service.

Photo Credits: Icare Phenix – Google Local Guide

Delubac & Cie

Delubac & Cie is an independent French bank that was founded by Maurice Delubac in 1924 in Le Cheylard.

It has a presence in Paris, Le Cheylard (siège social), Bordeaux, Lille, Lyon, Marseille, Nantes, Nice, Toulouse, Nice, Rouen, Strasbourg and Valence.

It has recently obtained its registration as a PSAN (Digital Assets Service Provider). The PSAN, also known as ‘Prestataires de Services sur Actifs Numériques’ was obtained through the AMF (Financial Markets Authority) and the ACPR (Prudential Control and Resolution Authority).

New Crypto Asset Offering

Now, it has been announced that the bank will offer three crypto-assets which include Tezos, Bitcoin, and Ethereum.

By offering these assets including the purchase, sale and custody of crypto-assets for institutions, companies and individuals, it will become the first French bank to offer this type of service.

Tokenized assets such as NFTs and access to staking will also be included in the services.

It was stated (translated by Google):

The offer will be aimed primarily at companies wishing to invest part of their cash in crypto-assets, at institutions wishing to offer a secure digital asset custody service for their clients and finally, at individuals wishing to buy, sell and keep crypto-assets. 

The service offered by Banque Delubac & Cie will make it possible to invest in crypto-assets with the best possible level of security. Each client wallet will correspond to a separate private key; under no circumstances will client assets be pooled.

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. Other digital assets will be made available to customers based on demand.

It is possible to find a list of AMF registered digital asset service providers (DASP) here

This list notably includes Coinhouse who is behind the Lugh EURL Euro-backed stablecoin which runs on Tezos, and who was the first DASP to be registered.

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