{"id":82137,"date":"2023-07-25T12:31:44","date_gmt":"2023-07-25T09:31:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82137"},"modified":"2025-09-12T03:18:19","modified_gmt":"2025-09-12T00:18:19","slug":"atlendis-defi-project-secures-e1-million-loan-from-french-state-bank","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/atlendis-defi-project-secures-e1-million-loan-from-french-state-bank\/","title":{"rendered":"Atlendis DeFi project secures \u20ac1 million loan from French state bank"},"content":{"rendered":"

The French state investment bank BPI has provided a loan of \u20ac1 million to Atlendis, an institutional DeFi lending platform. This was reported by Decrypt<\/a>.<\/p>\n

The organization also obtained a local license as a crypto-asset service provider \u2014 PSAN. Notably, the document served as the basis for the regulatory framework MiCA<\/span>, approved on 20 April.<\/p>\n

The funds will be directed to the development of its Atlendis Flow project, which enables direct crypto-fiat transactions. The product acts as a bridge between the protocol and clients’ bank accounts, according to project representatives.<\/p>\n

The Atlendis service is available only to accredited investors and requires undergoing a mandatory identity verification process.<\/p>\n

Two fintechs \u2014 Karmen and Fluna \u2014 are already using the protocol’s services.<\/p>\n

Earlier, the project lent funds to Web3<\/a>-companies, DAO<\/a>, other DeFi protocols and market makers. However FTX collapse<\/a> and subsequent market turmoil prompted Atlendis to change its business model.<\/p>\n

The protocol’s chief executive Alexis Masseron noted that in search of a replacement for the unstable market, the organization turned its attention to the private debt sector. He said this is a vast field with a volume of around $1.5 trillion.<\/p>\n

As a reminder, in April, Standard Chartered’s crypto custody subsidiary Zodia Custody raised $36 million<\/a> in a Series A funding round. In 2021, the company obtained a license<\/a> from the UK’s Financial Conduct Authority.<\/p>\n","protected":false},"excerpt":{"rendered":"

The French state investment bank BPI has provided a loan of \u20ac1 million to Atlendis, an institutional DeFi lending platform.<\/p>\n","protected":false},"author":1,"featured_media":82138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,134,1133],"class_list":["post-82137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-france","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=82137"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82137\/revisions"}],"predecessor-version":[{"id":82139,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/82137\/revisions\/82139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/82138"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=82137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=82137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=82137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}