Exion, the EDF subsidiary, takes a big step in the world of cryptocurrencies by launching a conservation service of digital assets specially designed for financial institutions. With a strong accent on security and sovereignty, Exion wishes to offer actors in the sector a reliable solution and in accordance with European standards, thus helping to strengthen the position of France in this expanding area.
EDF exam: a high security digital safe for financial institutions
EDF, via its Exion subsidiary, takes one more step in the cryptocurrency sector with the launch of a digital asset conservation service for financial institutions. By focusing on securing cryptos, Exion intends to assert France's place in this strategic market, like Ledger, an already well anchored actor.
Created in 2020, Exion offers innovative solutions in high performance, blockchain and artificial intelligence to support companies in their digital transformation in a responsible manner.
At the end of 2022, the subsidiary also announced to deploy its new Blockchain on demand nodes, intended for all types of professionals, independent as companies.
Then, at the end of 2024, the EDF subsidiary obtained its approval as a service provider on digital assets (PSAN) from the Financial Markets Authority (AMF). This recording concerns the conservation, exchange and sale of digital assets.
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Today, the ambition of the EDF subsidiary is clear: Become an essential partner of financial institutions, with an ultra-secure care service for cryptocurrency.
From the second half of 2025, we will offer a full service including the Custody, Stuking, the Swap Fiat-Crypto, Crypto-Fiat and Crypto-Crypto.
The only activity that is currently ruled out is mining. Indeed, as Fatih Blayeli explains, BTC's mining ” raises strategic, economic and regulatory issues that go beyond the examination ». A “detail” that has not escaped Alexandre Stachtchenko:
🚨 Breaking News
Rather than capitalizing on his synergy alone with cryptos, aka Bitcoin's mining, @EDFFOFFIQUE Prefer to use taxpayer money to compete unfair to French crypto industry. https://t.co/8sjiafrelz
– Alexandre 'Unhosted' Stachtchenko (@stachalex) FEBRUARY 21, 2025
In the press release, the CEO of examination expresses his desire to concentrate ” on ecosystems that have already proven themselves and which benefit from proven institutional adoption “, Such as Bitcoin, Ethereum or Solana.
At the launch, only 5 protocols will be supported by their Custody service, then gradually the offer will be extended according to market developments and customer needs, explains Fatih Blayeli.
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Exion wishes to strengthen the place of France and Europe in securing cryptos
Strong in the support of the EDF group, recognized for its stability, The company relies on its commitments in terms of security and decarbonation to attract institutional, who have increasingly strong requirements in terms of environmental responsibility.
Fatih Blayeli, the CEO of examination, specifies that the objective of the company is not to become a financial player, but rather to provide secure infrastructure so that financial institutions can develop their own blockchain activities in a healthy environment and reliable.
In a context where the arrival of Bitcoin and Ethereum ETF in the United States has drawn the attention of the greatest players in traditional finance, the security of digital assets becomes essential. Banks, investment funds and other large intermediaries are looking for reliable solutions and in accordance with regulations.
Exion therefore emphasizes the conservation of digital assets, which constitutes the heart of its offer. The value proposal lies in an offer allowing institutional customers of EDF to “ benefit from a reliable solution and in accordance with regulatory requirements, without multiplying intermediaries or compromising the security of their assets ».
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In this perspective, Exion has chosen to develop an independent storage solution, in total compliance with PSAN status, allowing it to keep total control over its infrastructure and control all aspects related to security. This sovereign solution brings flexibility in the face of future market developments while respecting strict safety standards.
However, we remain open to partnerships if additional solutions can enrich our offer without compromising our independence and our security standards.
By favoring quality to quantity, Exion highlights its total independence from foreign infrastructure. The company wishes to offer a 100% French and European solution to position itself as an actor of choice if one day France decides to explore the path of Bitcoin's mining, explains Fatih Blayeli.
https://www.youtube.com/watch?v=mzkujw-qrie
The objective is therefore clear: Make France a leader in securing cryptocurrencies, while offering sovereign solutions and in accordance with the expectations of financial institutions.
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Source: The Big Whale
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