Bpifrance, a state-owned French bank, has announced the creation of a €25 million fund aimed at directly investing in cryptocurrencies, as reported by Reuters. This initiative is part of the bank's strategy to bolster France's crypto businesses by targeting newly created tokens from French projects at the pre-listing stage. Unlike traditional investments in major cryptocurrencies like Bitcoin, this fund will focus on smaller, lesser-known tokens. Arnaud Caudoux, deputy CEO of Bpifrance, emphasized the importance of maintaining a strong European crypto ecosystem amidst increasing U.S. competition.