Delubac & Cie becomes the first French bank registered as a digital asset service provider to offer Tezos

Delubac & Cie

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

It is present in Paris, Le Cheylard (head office), Bordeaux, Lille, Lyon, Marseille, Nantes, Nice, Toulouse, Nice, Rouen, Strasbourg and Valence.

It recently obtained its registration as a PSAN (Digital Assets Service Provider). The PSAN, also known as the ‘Digital Asset Service Providers was obtained from the AMF (Financial Markets Authority) and the ACPR (Prudential Control and Resolution Authority).

New supply of crypto assets

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

By offering these assets whose 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 staking access 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 establishments wishing to offer a secure digital asset custody service to their customers 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 clients’ 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 real digitized or tokenized 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.

A list of digital asset service providers (DASPs) registered with the AMF can be found here.

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

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