Where does the French financial industry actually stand on digital assets? For the first time, The Big Whale surveyed around twenty players to produce a factual, comparable assessment of the ecosystem.
The findings are clear-cut: momentum is building, but progress remains deeply uneven. 100% of banks are increasing their digital asset budgets, approximately 300 positions are currently open across the banking sector (45% in compliance), and tokenization is emerging as the defining theme, with money market funds cited as the top priority by most institutions.
Fintechs, already in a monetization phase, are consolidating their business models, while asset managers remain the most fragmented segment, split between a convinced minority moving fast and a majority still in wait-and-see mode.
The study includes an onchain analysis of SG-Forge's EURCV stablecoin and seven exclusive interviews with senior executives.
