BNP Paribas Fortis has denied it is exploring the idea of entering the bitcoin space as a digital vault provider.
A spokesperson for the international Belgium-based bank – a subsidiary of BNP Paribas – told CoinDesk the company was not planning to allow its customers to store bitcoin as they would any other asset.
The spokesperson added:
BNP Paribas Fortis' denial comes after CoinDesk was contacted by a subscriber to the Bitcoin Brussels mailing list, who claimed to have received an email from a marketing analyst at the bank detailing plans to offer a digital vault solution.
According to the subscriber, the message asked readers to register their interest on a Launchrock website – a platform that enables its users to create viral 'Launching Soon' pages with in-built sharing tools and analytics – by providing their email address.
The spokesperson for BNP Paribas Fortis attributed the "confusion" around the bank's intentions to a training excercise:
Watching the blockchain
Despite unwilling to disclose specifics, the spokesperson said the bank was watching blockchain technology to assess how it could be used to speed up business processes and make them less costly.
"But these are only projects and formations," they added.
The comments come after a report in July suggested BNP Paribas was looking to incorporate bitcoin to one of their currency funds.
CoinDesk reached out to BNP Paribas at the time but was unable to verify the news.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.