French public investment bank BPI has provided a €1 million loan for institutional DeFi lending platform Atlendis. The funds received will be used to develop the Atlendis Flow project, which allows direct crypto-fiat transactions. According to the project representative, the product serves as a link between the protocol and clients’ bank accounts.
The platform has also obtained a PSAN license, the French equivalent of digital assets service provider (DASP) license. Atlendis has shown its commitment to complying with French cryptocurrency regulations and adapting to future European regulations, MiCA.
The Atlendis service is available only to accredited investors and requires a mandatory identity verification procedure. Fintech companies Karmen and Fluna are already using the protocol.
Image: atlendis
