Credit Agricole-BlockInvest, the first investment by the Emilian bank in an Italian start-up
BlockInvest, platform blockchain-based designed for financial institutions and market participants, announced the closing a new one round of investment, confidential and entirely subscribed by Crédit Agricole Italia. This initiative represents the first investment by Crédit Agricole in an Italian startup.
BlockInvest allows to digitize the process of issuing and selling real assets such as real estate, bonds and / or portfolios of Non Performing Loan (Secured, Unsecured). Following this investment round, Agricultural credit Italia becomes the second shareholder of society RealHouse S.r.l., owner of the brand and the platform.
“The investment in BlockInvest represents tangible proof of the commitment that Agricultural credit has undertaken in recent years in the field of Open Innovation – in detail, the collaboration with BlockInvest will allow the Group to have control over a technology such as blockchain, which will play a fundamental role in the evolution of economic, monetary and financial systems “, remarks Andrea Riva, Head of Capital Market and Open Innovation at Credit Agricole Italia.