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Binance Announces Objective Moon: 100M EUR Crypto & Blockchain Initiative in France

2021-11-03

Binance is launching Objective Moon, a 100M EUR initiative to support the development of the French and European blockchain and cryptocurrency ecosystem, in partnership with France FinTech, a leading non-profit association whose mission is to promote FinTech excellence in France.

Main Takeaways: 

  • Binance today announced a partnership with France FinTech, on a 100M EUR initiative to help make France and Europe a leading global player in the blockchain and crypto industry.

  • The ‘Objective Moon’ initiative will feature a new Binance R&D hub in France, a DLT accelerator and an online education program for French talent.

Today, CZ announced the launch of a new 100M EUR initiative, called Objective Moon, which aims to develop three key cryptocurrency and blockchain innovation projects in France. The initiative was announced at a conference on 3 November, 2021 with Cédric O, Minister of State for the Digital Transition and Electronic Communication in France at the French Ministry of Finance in Paris. 

Objective Moon, which will be funded by Binance, will go towards the development of a Binance Research and Development hub in France, along with the creation of a Decentralized Ledger Technology (DLT) accelerator and a new online Education Program to develop blockchain and crypto industry talent in France. The education program will be created in partnership with OpenClassroom and Ledger.

Establishing Leadership Over Blockchain and Cryptocurrency

At the conference, CZ shared, “At Binance, we recognise the quality of French and European tech, crypto and blockchain talent, and we are convinced that with the launch of Binance’s major operations and investment in France, we can significantly contribute toward making France and Europe the leading global player in blockchain and crypto industry.”

Binance plans to establish a French Hub for its Research and Development, and will recruit cryptocurrency and blockchain talent from across France and Europe. The new online education programme, which will be created in partnership with France FinTech, Binance and Ledger, will also aim to help people who want to learn more about blockchain and cryptocurrency and see it as an attractive career opportunity.

The creation and development of the “Objective Moon Accelerator, which will be dedicated to building up the Decentralized Ledger Technology (DLT) ecosystem in France and Europe is also seen as important, as DLT is seen as a critical enabler of blockchain security, which is essential as a cryptocurrency continues to reach more mainstream audiences.