{"id":40658,"date":"2023-07-26T08:34:06","date_gmt":"2023-07-26T12:34:06","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/defi-project-atlendis-secures-1-million-loan-from-french-national-bank-bpi-and-demonstrates-compliance-with-psan-license\/"},"modified":"2023-07-26T08:34:08","modified_gmt":"2023-07-26T12:34:08","slug":"defi-project-atlendis-secures-1-million-loan-from-french-national-bank-bpi-and-demonstrates-compliance-with-psan-license","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=40658","title":{"rendered":"DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License"},"content":{"rendered":"
\n

French DeFi project Atlendis hit two major milestones as it secured a \u20ac1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.\u00a0<\/p>\n

Atlantis obtained PSAN, committing to complying with France\u2019s crypto regulations and aligning with upcoming European regulations, MiCA.\u00a0<\/p>\n

PSAN License Enables Onboarding Non Crypto Firms<\/h2>\n

The PSAN registration also serves as a model for the formulation of new regulatory guidelines.\u00a0<\/p>\n

This license enables Atlendis to onboard non-crypto companies, making it more transparent and accessible to all investors, provided they undergo the required Know Your Customer (KYC) process.<\/p>\n

Atlendis Flow, the latest offering from the platform, presents a breakthrough in decentralized finance as the project aims to simplify decentralized lending protocols for institutional borrowers.<\/p>\n

By enabling direct crypto-to-fiat transactions, the product provides on-chain liquidity for real-world use cases, promising cost savings and increased efficiency through automation.\u00a0<\/p>\n

The platform’s move towards the private debt market signals a strategic shift away from lending to high-risk entities, such as Web3 companies and DeFi protocols, and instead aims to focus on real-world assets and fintech companies.<\/p>\n

FTX Collapse Served as A Wake-Up Call For Atlendis\u00a0<\/h2>\n

The collapse of FTX and market turbulence served as a wake-up call for Atlendis, prompting the company to reevaluate its offerings.\u00a0<\/p>\n

CEO Alexis Masseron acknowledged the criticisms directed at DeFi, including comparisons to Ponzi schemes, which led to the development of a new approach. Recognizing the high risks associated with their previous lending model, Atlendis took measures to safeguard investors’ interests and moved towards the more stable and lucrative private debt market.<\/p>\n

With Atlendis Flow acting as a bridge between the Atlendis protocol and customers’ bank accounts, the platform opens up new opportunities for non-crypto businesses to enter the blockchain space.\u00a0<\/p>\n

The PSAN license played a crucial role in facilitating the onboarding of these companies, granting Atlendis a strong foothold in the market.\u00a0<\/p>\n

Eliminating the need for complex wallet installations and Polygon interactions, Atlendis made it more appealing to businesses seeking to leverage blockchain technology without facing technical barriers.<\/p>\n

Atlendis has already begun providing its services to fintech companies like Karmen and Fluna.\u00a0<\/p>\n

Karmen offers non-dilutive growth financing to digital businesses, while Fluna serves as a pan-African trade finance marketplace, supporting mid-market exporters with access to credit and market intelligence tools.\u00a0<\/p>\n

With numerous other companies eager to join the platform, this trend is expected to usher in a new era of blockchain adoption among non-crypto businesses.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

French DeFi project Atlendis hit two major milestones as it secured a \u20ac1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.\u00a0 Atlantis obtained PSAN, committing to complying with France\u2019s crypto regulations and aligning with upcoming European regulations, MiCA.\u00a0 PSAN License Enables Onboarding Non Crypto Firms The […]<\/p>\n","protected":false},"author":1,"featured_media":40659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-40658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nDeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License | iFintechWorld<\/title>\n<meta name=\"description\" content=\"French DeFi project Atlendis 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