This month was the Paris Blockchain Week Summit. Contrary to apparently, the most liberated public was not the luminaries invited to share their vision (Changpeng Zhao, Brad Garlinghouse, Alex Mashinsky, Silvio Micali, etc.), but the companies and investors who were likely to invest their money. Not or no longer for purely speculative purposes, but in a sustainable way by using documented tools to implement justified savings strategies.
Investment products now taken seriously by CFOs
A company, regardless of its size, needs to diversify its investments or liquidity resources. Crypto-assets represent an innovative solution in this context, which is being considered more and more seriously. Microstrategy and Tesla showed the way and explained why it was desirable and how it was possible. However, Bitcoin still represents too great a risk for companies that do not see it as a safe haven. Today, companies prefer to diversify. In its Blockchain & crypto 2022 survey, PWC states that 30% of them have assets in cryptocurrencies (Bictoin, Ether, Tezos, etc.), 24% have stable coins by definition that are not subject to market fluctuations, and 19% have finite NFTs (non-fungible digital tokens). Finally, 8% own security tokens (for example, fractions of real estate assets).
A myriad of new financial services for businesses
This diversification testifies to a greater maturity of companies that new services cater to: trading, depot, OTC, staking, offered by platforms competing to support companies in a global way, and it works.
In Asia, Huobi has already made a name for itself by embedding a large number of companies on its stock exchange and by entering into several partnerships with financial institutions that want to offer services around cryptocurrencies in Japan, Korea or Singapore. Crossing the PBWS, Jeff Mei announces that he has no less than 26 different products, and announces that he wants to develop in Turkey, Latin America and soon in the UK.
Closer to home in Europe, Bitstamp already has 2,000 institutional customers. The platform also offers its white-label services through banking players, which in turn can allow their customers to sell and buy cryptocurrencies. Jean-Baptiste Graftieaux, CEO Europe de Bitstamp also told us during PBWS that he would probably announce a partnership with a benchmark player in France within a few months (on BtoBtoC).
Little by little, the boundaries between the stock market and the bank are blurring. Businesses will soon not only have access to cryptocurrencies, but will also be able to do so save in a stablecoin and earn interest rates much higher than the traditional banks offer.
In France, Coinhouse already offers such a solution that promises a return of between 3.5 and 5%. In addition, it offers “managed management” of the investments that companies have entrusted to optimize their returns.
Tomorrow, loan services for companies, via DeFi services?
That’s what startup Atlendis will soon offer: unsecured loans for companies that may soon have revolving lines of credit. As is already the case for individuals who use services like Compound or Aave, companies will be able to put their money into charging interest, which will be borrowed by other companies when they need it. This will give companies much more flexibility to finance their development and sometimes also more peace of mind. A little revolution is on the way for CEOs and CFOs who want to see their daily lives transformed with this type of solution!