Bpifrance supports the blockchain company Transchain

Transchain, a Strasbourg company specializing in the blockchain, just got up 1 million euros near Bpifrance and other private investors.

According to a press release shared with Cryptonaute, the public investment bank Bpifrance invested in Transchain.

With its BaaS blockchain solution Katena, Transchain offers a new form of process digitization "generating confidence" by guaranteeing the security, certification, control and confidentiality of data, without the intervention of a third party.

We must be a strong player in digital trust, here in Alsace but also everywhere in France, in Europe and worldwide. Our technology is an innovative service dedicated to companies as well as to governments and administrations which aim for excellence in Data protection. This first fundraising allows us to accelerate our commercial approach and attract new talent, "said Pierre Banzet, president of Transchain.

Founded by Pierre Banzet and Timothée Brugière, Transchain aims to establish itself as a European and global technology leader blockchain.

According to its co-founders, companies limit the digitization of their process by "lack of suitable tools" and "distrust in their interactions with third parties".

It’s not the first time Bpifrance supports a French player in the blockchain. Last year, the public bank notably participated in the financing of the blockchain project of the Lyon startup iExec.