Hexarq’s approval as a crypto asset service provider by the Autorité des Marchés Financiers (AMF) is a milestone that reinforces the growing integration between traditional financial institutions and the digital asset space. As a subsidiary of BPCE, one of Europe’s largest banks, Hexarq is now approved to operate in the French market, offering services such as cryptocurrency custody and trading.
This strategic move demonstrates the seriousness with which traditional banks are exploring the potential of cryptocurrencies. By integrating these services into the Banque Populaire and Caisse d'Épargne networks by 2025, BPCE is positioning itself to serve an audience increasingly interested in digital assets, leveraging its extensive client base.
While the initiative is promising, there are still uncertainties about the implementation details. However, the entry of large institutions like BPCE into this market is likely to boost confidence and adoption of crypto assets in Europe.
