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Why France Is Emerging as a European Crypto Hub

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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.

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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.

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