Quantcast

French digital asset group: Meeting with Dutch financial authority ‘was a unique opportunity to highlight’ growing crypto adoption

Conferences
Webp adan 4
Adan's event with 2tokens and the Autoriteit Financiële Markten | X/adan_asso

France’s Association for the Development of Digital Assets (Adan) announced that its members met with business leaders and officials from the Dutch National Authority for the Financial Markets to share survey results about crypto adoption in France and the Netherlands. Adan shared its statement in a July 17 post on X.

"Last week, in collaboration with the Dutch Web 3 association @2tokens_org, Adan hosted a private breakfast with representatives from businesses and the National Authority for the Financial Markets (Autoriteit Financiële Markten," said Adan. "During the breakfast, our EU Policy Officer, Adriana Torres Vergara presented the findings of our annual Web3 ecosystem study (conducted with KPMG and Ipsos) and @olivier1977 presented the outcomes of the Analysis conducted by 2Tokens and the Dutch Blockchain Coalition on ‘Tokenization in the Netherlands.' The breakfast was a unique opportunity to highlight the positive results of the ADAN study- which demonstrate that the adoption of crypto-assets in Europe continues to progress- and to engage in a stimulating dialogue on tokenization, addressing the legal and operational obstacles, as well as how well-suited is NL for tokenization. Attendees emphasized the significance of receiving institutional support to foster the growth of the ecosystem."

According to Adan, its members and those from 2Tokens shared their survey results during a breakfast meeting. The surveys indicated growing awareness of crypto-assets in European countries and high rates of crypto ownership among young people.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

A survey conducted by Adan revealed that 12% of France’s population currently owns cryptocurrency, while 15% have owned it at some point, compared to 9.6% last year. The survey found that "to date, French investment is strongly supported by Bpifrance, which accounts for 45% of early-stage fundraising in 2023. However, despite the scarcity of funding in 2023, a majority of companies plan to raise funds in the future, including 73% in 2024."

A report written by 2Tokens and the Dutch Blockchain Coalition in April 2024 stated that tokenization in the Netherlands has greatly increased and stands above other countries in the European Union (EU). The report emphasizes "how suitable the Netherlands is/is seen as a location for parties that want to use tokenization for their products or services and how the Netherlands compares in this regard with some other European countries."

The European Commission supports blockchain initiatives across Europe. According to the Commission, "The EU wants to be a leader in blockchain technology, becoming an innovator in blockchain and a home to significant platforms, applications and companies." The Commission also supports regulation and funding for these initiatives.

According to LinkedIn, Adan is a professional body of digital asset industry participants founded in 2020 in France. Its goal is to create a free and open digital economy by promoting digital assets. Leading Adan is CEO and President Faustine Fleuret, who has been in charge since 2021.

More News

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

Nov 16, 2024

John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use.

Nov 16, 2024

Bruce Pon, co-founder and CEO of Ocean Protocol, said that the combination of "AI and blockchain" unlocks significant "potential" for new entrepreneurial opportunities and substantial value creation.

Nov 14, 2024

Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector.

Nov 14, 2024

Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas.

Nov 12, 2024

De Nederlandsche Bank (DNB) has announced a €2,250,000 fine for Bybit Fintech Limited.

Nov 12, 2024