EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Bpifrance Investissement licensed under MiCA in the European Union?
Bpifrance Investissement's European entity (Bpifrance Investissement) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by France on 18 June 2026.
Verdict: Bpifrance Investissement appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Bpifrance Investissement |
|---|---|
| Home Member State | France |
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 96950082Z6KUVA6TW686 |
| Authorised services | Portfolio management |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Bpifrance Investissement
Bpifrance Investissement is the contracting legal entity behind a MiCA-related authorisation registered in France, where its competent national regulator is the Autorité des Marchés Financiers (AMF). It is not a consumer crypto exchange. Bpifrance is France's public investment bank, co-owned by the French State and Caisse des Dépôts (CDC), and Bpifrance Investissement is its asset-management arm. Its own site describes the group as "la banque des entrepreneurs" - the bank for entrepreneurs - offering financing, innovation, and investment solutions for companies rather than retail crypto products. Sources: Bpifrance, AECM
On the crypto side, the research describes an institutional investment activity rather than a service sold to the public. Reuters and Bloomberg reported in March 2025 that Bpifrance launched a venture fund (reported at around 25 million euros) to buy and hold tokens from early-stage French blockchain startups, taking tokens instead of equity across areas such as DeFi, tokenisation, staking, and AI-related projects. This is a multi-asset, pre-listing investment focus, not a Bitcoin-only product. Sources: Reuters, Bloomberg
On the legal point: under the ESMA MiCA register, the entity Bpifrance Investissement is authorised for the single crypto-asset service of portfolio management of crypto-assets, with the AMF as competent authority in France. The licence does not cover the consumer-facing services a retail crypto platform would need - it is not listed for custody and administration of crypto-assets, exchange of crypto-assets for funds or for other crypto-assets, execution of orders, placing, reception and transmission of orders, advice, or transfer services. There is no indication in the research of spot trading, custody, savings, staking, card products, or EUR/SEPA on-ramps offered to the public. In short, Bpifrance Investissement holds a MiCA authorisation, but only for portfolio management, and is an institutional asset manager rather than a consumer crypto service. Sources: Bpifrance, AECM
Which crypto services is Bpifrance Investissement authorised to offer in the EU?
Under its MiCA authorisation issued by Autorité des Marchés Financiers (AMF), Bpifrance Investissement (Bpifrance Investissement) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
Which services is Bpifrance Investissement not authorised to offer?
Bpifrance Investissement's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Order execution, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Bpifrance Investissement under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is Bpifrance Investissement licensed in France?
France ran one of the EU's earliest national crypto regimes, the PACTE Law DASP (Digital Asset Service Provider) registration, which gave the AMF years of pre-MiCA supervisory experience. The AMF began granting MiCA CASP authorisations in 2025-2026 and also maintains a public white list of CASPs passporting into France from other EEA states. BlockNodes SAS, the French entity behind the SwissBorg consumer brand, received its direct MiCA authorisation from the AMF in March 2026. Source: Autorité des Marchés Financiers (AMF).
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
|---|---|
| Investor compensation | Fonds de Garantie des Dépôts et de Résolution (FGDR); check directly with the AMF for crypto-asset-specific compensation scope. |
| Regulatory context | Early mover on national crypto licensing (PACTE Law) ahead of MiCA; the AMF also publishes a white list of EEA-passported CASPs. |
What does this mean for users of Bpifrance Investissement in the EU?
If you transact through Bpifrance Investissement's EEA-authorised entity (Bpifrance Investissement), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Bpifrance Investissement's terms of service that your contracting entity is Bpifrance Investissement, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Bpifrance Investissement?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| BANQUE DELUBAC | France | 7 services | |
| COINHOUSE | France | 7 services |
Related reading
Understand the regulatory context behind Bpifrance Investissement's entry on the register:
Frequently asked questions about Bpifrance Investissement and MiCA
Is Bpifrance Investissement licensed under MiCA?
Yes. Bpifrance Investissement appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of France.
Which EU countries can Bpifrance Investissement serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Bpifrance Investissement protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Bpifrance Investissement's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Bpifrance Investissement's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Autorité des Marchés Financiers (AMF)
- ESMA MiCA Register - Bpifrance Investissement (Bpifrance Investissement)
- Bpifrance Investissement official website
- Reuters - French state bank Bpifrance builds fund to buy cryptocurrencies
- AECM - Bpifrance legal structure and shareholding
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