Today the Banque Populaire Caisse d’Epargne (BPCE) group, a global systemically important bank (G-SIB), started rolling out retail cryptocurrency services via its bank subsidiaries in four regions, two each for Banque Populaire and Caisse d’Epargne.
The initial services involve the purchase, sale, exchange and custody of bitcoin, ether, solana and the USDC stablecoin. BPCE set up a dedicated digital asset subsidiary Hexarq, which is registered as a digital asset service provider with the Autorité des Marchés Financiers (AMF).
Hexarq services are only available via the banking apps and have a €2.99 monthly subscription, which is waived for the first three months. It charges 1.5% transaction fees with no hidden spreads. The company is led by a familiar face, CEO Frédéric Dalibard, who moved over from another BPCE subsidiary Natixis. He is former Chair of enterprise blockchain firm R3 and remains head of blockchain for Groupe BPCE.
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