The Bank for Manufacturing Industries wants to reindustrialise France through DeFi

A new FinTech has just appeared in France, which defends a positioning geared towards supporting the development of French industrial projects. Called Banque des industries manufacturières (BIM), it is committed to future industrial projects in support of the real economy. The particularity of this crypto-bank is also that it is based on a decentralised architecture.

FACTS

• The Bank for Manufacturing Industries was created in the Vendée in 2022 by the inventor of the Bob dishwasher. It is about to launch its activities, after having presented its objectives and its raison d'être.

• The BIM takes the form of a neo-bank, dedicated to the financing of French industrial projects, through the savings of the population. The particularity of the project lies in its use of crypto-currencies. The reserves of the neo-bank are thus made up of a crypto-asset, called BIM Token.

• In concrete terms, for a future saver mobilised via the BIM, it will be a matter of choosing an investment proposed by the neo-bank to invest a certain sum without management fees. A Bim token proving his power of governance will then be allocated to him.

• The BIM tokens can then be used on platforms such as the Carte Française, dedicated to the sale of products and services from partner companies.

CHALLENGES

• Using crypto-finance to support French-style industrial and responsible innovation: BIM is committed to helping relocate activities in France and to contributing to the ecological transition by supporting responsible industrial projects. To do this, it relies on a decentralised architecture (DAO), where governance tokens are allocated to savers.

• An additional ecological layer: If BIM relies on a crypto-currency, it highlights the fact that the latter is based on Polygon's carbon-neutral blockchain. A way to reinforce its message and meet its own commitments.

• Boosting savings in a difficult context: In the midst of inflation, BIM promises its savers rates of return of around 5% per year.

MARKET PERSPECTIVE

• The financing of the real economy is now gaining new support. BIM's particularity lies in its decentralised autonomous organisation and its ambition to create, in the long term, a complete ecosystem that will support the development of national industry but also allow people to consume locally thanks to its dedicated internal crypto-currency.