We are delighted to present the May 2025 edition of our monthly newsletter, prepared by the Adan team. Discover a summary of the latest news and key events not to be missed.

Following the recent meeting of the Board of Directors, formed after our latest General Assembly, Adan has proceeded with the election of its President and the appointment of the members of its Executive Board for the next two years.

The Board of Directors has elected Stanislas Barthelemi as the President of the association. He will be joined in his role by Mark Kepeneghian and Laurent Ovion, who will serve as Vice Presidents, along with William O’Rorke, appointed as the association’s Secretary.

We extend our warm congratulations to them on their appointment and sincerely thank them for their commitment to serving our community.

We would also like to express our gratitude to Laurent Ovion, Faustine Fleuret, and the entire outgoing Executive Board for the progress achieved during their term.

At Adan’s General Assembly held on April 17, 2025, the association’s members elected a new Board of Directors for a two-year term.

We are pleased to introduce the newly elected team of board members, chosen to represent the association’s members and support the growth of our ecosystem.

We extend our congratulations to the elected members and thank them for their commitment to Adan and its mission.

We would also like to warmly acknowledge the outgoing Board members for their dedication and involvement.

On the occasion of Paris Blockchain Week, Adan unveiled the 4th edition of its annual study, conducted in collaboration with Deloitte and Ipsos, during an event held at the Ministry of Economy and Finance.

This year’s edition confirms the sector’s growing maturity, marked by market consolidation, emerging use cases, and international ambitions.

Key figures:

• 10% of French people hold crypto-assets

• 33% are considering acquiring some in 2025

• 62% of French Web3 companies have an international presence

• 76% plan to hire

• €2.1 billion raised in Europe (21% of global funding)

• Increasing adoption of payments, decentralized digital identity, and DeFi

The event was opened by Laurent Ovion (Adan and DLPK) and Marie-Line Ricard (Deloitte), followed by insights from Joël-Alexis Bialkiewicz (Banque Delubac & Cie) and Nadia Filali (Caisse des Dépôts).

Two panel discussions then explored retail and institutional adoption trends, with representatives from Hexarq, Bitpanda, Keytrade Bank, Cube3, Truffle Capital, Fireblocks, and Wyden.

We extend our thanks to our partners Deloitte and Ipsos, to the Ministry for hosting the event, as well as to all speakers, sponsors, and participants who contributed to the success of this edition.

Paris Blockchain Week: a look back at an intense week

Beyond its annual presentation of the Web3 study, Adan was actively engaged throughout Paris Blockchain Week, taking part in numerous key events, private meetings, and institutional discussions alongside major Web3 players, investors, financial institutions, and public decision-makers.

To kick off the week, Adan co-hosted a dinner with Global Digital Finance, attended by Clara Chappaz, Minister Delegate for Digital Affairs, and members of the association. This exclusive gathering offered a valuable opportunity to discuss the sector’s key priorities, growth drivers, and strategies to strengthen France’s attractiveness.

On April 9, Adan co-organized the conference “Blockchain & Finance: Evolution or Revolution?” at the Ministry of Economy and Finance, together with Société Générale-FORGE, Bpifrance, Caisse des Dépôts, Cube3, OCBF, and Paris Europlace. The event brought together leaders from traditional finance, Web3, and public institutions to debate the major transformations shaping the financial sector.

On April 10, Adan and Blockchain for Europe co-hosted a working breakfast focused on tokenization. This meeting, which brought together financial players, regulators, and institutional representatives, aimed to identify the main challenges and enablers for the emergence of a true European tokenized asset market.

Later that day, Adan held a lunch with a delegation of its members, attended by Clara Chappaz and her advisor, Blandine Dusser. This moment of exchange offered the opportunity to officially present our annual study to the Ministry and to engage in a constructive dialogue on the industry’s priorities.

Adan x AMF meeting: for effective implementation of MiCA

On April 2, 2025, Adan met with the French Financial Markets Authority (AMF) to discuss the implementation of the MiCA regulation and the granting of CASP licenses.

Adan emphasized the urgency of issuing the first licenses—particularly through fast-track procedures for already registered providers—and raised several concerns: lack of clarity regarding application completeness, vague interpretation of fund segregation rules, management of conflicts of interest, and the absence of precise definitions for sub-custody.

The AMF acknowledged internal constraints (delays in recruitment, pending guidance from ESMA) as well as challenges related to the inconsistent quality of submitted applications. However, it plans to publish guidance on certain technical issues in the near future.

Both parties agreed to hold monthly meetings through September to streamline the application process and enhance transparency.

Re(live) the webinar ‘Beyond crypto-assets: Web3 innovations and applications’

Missed our latest webinar or want to revisit the key highlights? Good news — the replay is now available online!

This insightful session brought together speakers who brilliantly explored today’s major Web3 challenges, focusing on three core topics:

• GDPR-compliant alternatives enabled by ZKPs

• The rise of decentralized digital identity

• Security, privacy, and interoperability in digital exchanges

A big thank-you to our speakers for their valuable insights and thoughtful contributions: Jérémy D. (Cyberzen), Jérémie Bécache (Fireblocks), Jérémy Beaufils (Kakarot zkEVM), and Benoît Convard (Pleenk.com).

Partnerships with 50 Partners and the Web3 Security League

We are pleased to announce two strategic partnerships that strengthen our ecosystem and reaffirm our commitment to building a more structured, secure, and accessible Web3.

50 Partners, a support network for innovative startups, joins our partners to foster synergies between the Web3 space and the entrepreneurial ecosystem.

La Ligue pour la Sécurité du Web3 also becomes a partner, helping us reinforce our efforts in cybersecurity and raise awareness around user and infrastructure protection.

We’re delighted to announce our partnership with the Proof of Talk conference, taking place on June 10–11, 2025, at the Musée des Arts Décoratifs in the Louvre Palace, Paris.

This must-attend event will be a unique opportunity to meet leading figures in the industry and discover the latest developments in blockchain and Web3.

• Transfers: All EMT transfers are payments as long as there is a CASP acting as an intermediary (trading and exchange of EMTs for crypto are not deemed payments)
• License: Grace period only until 31 October 2025 after which NCAs should ensure entities have a PSP license or work with an agent if they offer payment services (aka any transfer of EMTs which is not for trading or investments)
• SCA requirements’ grace period “until 30 April 2025” which is today so doesnt make much sense if the letter comes out after, so maybe it’s a typo in the draft

• Doors3 : Doors3 has launched the Doors3 Executive Club, a club bringing together decision-makers from major groups, governments and c-levels of pure players in the market (Renault, Orange, Alpine F1, Visa, Valeo, Le Bristol, AMI Paris, Stellantis, Crypto.com, TheSandbox, Avalanche…) around innovation issues (blockchain, crypto, AI, immersive). On the occasion of the Paris Blockchain Group, the first private dinner was held at TheSandbox’s premises, which were privatized for the occasion. The next exclusive events dedicated to members will take place at VivaTech and ETHCC, so if you’re interested in joining the club to share exclusive insights, experience exceptional moments and engage in quality networking, get in touch.
  En savoir plus

• Dowgo : Following the recent arrival of Faustine Fleuret at Dowgo, we are proud to announce the arrival of Romain Menetrier as Technical Director of our platform.
  En savoir plus

• Kiln : This month, we announced partnerships with Ledger and Trust Wallet to enable users to earn yields on their stablecoins through DeFi protocols, while ensuring secure management of their assets. These integrations simplify access to DeFi yields, providing a smooth and transparent user experience across multiple networks.
  En savoir plus

• Kulipa : Solflare, a leading self-custodial wallet on Solana, has partnered with Kulipa to launch a crypto debit card, enabling seamless transactions directly in stablecoins. With this Mastercard-branded card, the 3 million Solflare users can now pay around the world without needing prior crypto-to-fiat conversion.

• Paymium : Wyden integrates with paymium, deepening access to regulated digital asset markets to meet the rising institutional demand.
  This partnership connects institutional clients to paymium’s btc/eur markets, further extending wyden’s market-wide network of regulated liquidity venues.
  En savoir plus

• Suzaku : Suzaku testnet phase 2 was deployed on Avalanche! This is the last step before the mainnet deployment.
  En savoir plus

• XRPL Commons :  May is packed with learning and training opportunities at XRPL Commons! This week marks the start of our Aquarium Residency Cohort 6, focused on AI and blockchain, where innovators are exploring how to build scalable, trustless AI solutions on the XRP Ledger. Sign up on our site for the next cohort.

  In addition, throughout May you can join hands-on developer trainings, participate in the XRPL HAKS Hackathon, and attend Meetups designed to connect and inspire the blockchain community.
  En savoir plus

We offer cybersecurity services for blockchains and their protocols, ensuring the protection of crypto-actifs and business continuity.

Our offering includes smart contract audits, penetration testing, proactive monitoring, strategic consulting, forensic analysis and incident response.

Myrillion Capital is a regulated fund focused on delivering asymmetric returns through advanced delta-neutral strategies in crypto

Suzaku is the Decentralisation Hub for L1s, designed to help them decentralise securely, establishing a marketplace between Stakers, Operators and L1 networks.

Founded in 2017, SwissBorg is a crypto-assets management platform offering reliable access to cryptocurrency investment.

The Blockchain Group is a Bitcoin Treasury Company listed on Euronext Growth Paris (ALTBG) with operational activities in Data Intelligence, AI, and Decentralized Technology development.