French public funding financial institution BPI has offered a €1 million mortgage for institutional DeFi lending platform Atlendis. The funds acquired will probably be used to develop the Atlendis Stream undertaking, which permits direct crypto-fiat transactions. In line with the undertaking consultant, the product serves as a hyperlink between the protocol and shoppers’ financial institution accounts.
The platform has additionally obtained a PSAN license, the French equal of digital property service supplier (DASP) license. Atlendis has proven its dedication to complying with French cryptocurrency laws and adapting to future European laws, MiCA.
The Atlendis service is on the market solely to accredited buyers and requires a compulsory id verification process. Fintech corporations Karmen and Fluna are already utilizing the protocol.
Picture: atlendis
