https://ift.tt/xjvXQL4 Invests $100M in France Based Startup Incubator Station F

• The business plans to use France as a jumping-off point for its European expansion.
• Binance is putting its expertise and know-how at the service of Station F.

In Paris, the startup campus STATION F has welcomed Binance, a worldwide blockchain ecosystem, and cryptocurrency infrastructure provider, as the firms join hands. In November, Binance’s founder and CEO, Changpeng Zhao “CZ,” announced the launch of the Objective Moon initiative. To make France the center of Europe’s crypto community, Binance invested €100 million in the Startup Incubator.

Binance is dedicated to creating a robust ecosystem around blockchain, Web.3, and the metaverse, CZ stated in an interview. The business plans to use France as a jumping-off point for its European expansion. At STATION F, Binance is putting its expertise and know-how at the service of the most promising new ventures by establishing its early-stage startup assistance program.

Roxanne Varza, Director of STATION F said:

“We are so proud and excited to welcome the leading international player of the web.3 economy to STATION F. For all the people willing to better understand blockchain and crypto, we hope this place will help them to enter the Web.3 world.”

Full Support From Binance Team

Startups chosen for STATION F’s incubation program will have access to VCs, prominent tech businesses, and public authorities for their incubation term (varying). In addition, the BNB Chain, NFT Labs, and Binance Labs teams will also help them create, develop, and enhance their initiatives and ideas. According to the business, other options include working with partners, participating in mentorship programs, and follow-up meetings hosted by Binance France and other key participants in the ecosystem.

Binance exchange has received in-principle approval from Abu Dhabi Global Market to operate as a crypto asset broker. The preliminary nod is a stage closer to full regulatory approval. However, according to Richard Teng, head of Binance Middle East and North Africa, the company still needs to complete the application process.