Exclusive: Oddo BHF to invest in Coinhouse
The Franco-German bank, which is looking to distribute crypto products to its customers, could invest €8 million in the French platform.
👉 L'actu. The Franco-German institution could invest €8 million in France's largest crypto platform.
👉 Why it matters. Oddo BHF would be the first French bank to position itself clearly in cryptos.
👉 The context. Banks are increasingly being asked by their customers to access cryptos.
It's a deal that could make a lot of noise. According to our information, Franco-German private bank Oddo BHF is negotiating its entry into the capital of French cryptocurrency platform Coinhouse.
The amount of the investment is said to be around €8 million.
The tie-up between Coinhouse and Oddo BHF, which manages more than €100 billion in assets, began last February as part of an extension of the crypto start-up's latest fundraising (series B). Coinhouse had raised €15 million in December, but the bank's expressions of interest convinced its boss Nicolas Louvet to open the door to this prestigious investor. "You can't turn down an opportunity like this," says a good industry insider.