France Approves Blockchain Trading of Unlisted Securities

The French government has given the official nod for trading unlisted securities using blockchain technology.

AccessTimeIconDec 11, 2017 at 9:00 a.m. UTC
Updated Sep 13, 2021 at 7:15 a.m. UTC

The French government has given the official nod for trading unlisted securities using blockchain technology, Reuters reports.

According to the article, the government has adopted new rules that will enable banks and fintech firms to establish blockchain platforms for unlisted securities trading. The change will allow the trading of the assets without relying on middlemen and theoretically at near-instant speeds.

The country's finance minister, Bruno Le Maire, said that the new rules would be a boon for Paris as a financial center, continuing:

"The use of this new technology will allow fintech firms and other financial actors to develop new ways of trading securities that are faster, cheaper, more transparent and safer."

The move comes as part of the country's goals to foster Paris as a hub for financial innovation.

The French government has been working on various blockchain efforts including a blockchain working group launched this May to research blockchain implementations, explore its benefits and applications for the public sector.

Elsewhere, the London Stock Exchange Group partnered with IBM in July to trial a private platform for unlisted securities. The platform was designed to digitize both securities ownership and the capital structure of small to medium-sized enterprises.

French flag via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.