Share this article
BNP Paribas Fortis Denies Bitcoin Vault Project
BNP Paribas Fortis has denied it is gearing up to enter the bitcoin space as a digital vault provider.
Updated Sep 11, 2021, 11:52 a.m. Published Sep 15, 2015, 11:53 a.m.
BNP Paribas Fortis has denied it is exploring the idea of entering the bitcoin space as a digital vault provider.
A spokesperson for the international Belgium-based bank – a subsidiary of BNP Paribas – told CoinDesk the company was not planning to allow its customers to store bitcoin as they would any other asset.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The spokesperson added:
"I will disappoint you because we do not have a project regarding the bitcoins. So, it's not true."
BNP Paribas Fortis' denial comes after CoinDesk was contacted by a subscriber to the Bitcoin Brussels mailing list, who claimed to have received an email from a marketing analyst at the bank detailing plans to offer a digital vault solution.
According to the subscriber, the message asked readers to register their interest on a Launchrock website – a platform that enables its users to create viral 'Launching Soon' pages with in-built sharing tools and analytics – by providing their email address.
The spokesperson for BNP Paribas Fortis attributed the "confusion" around the bank's intentions to a training excercise:
"As part of training on the Lean Startup, the theme of bitcoin is often chosen as a case study. As part of this training, a hypothesis was tested by posting a web page (not branded) on bitcoiners [sic] forums to analyse the possible interest of these in being able to store bitcoins safe in a bank."
Watching the blockchain
Despite unwilling to disclose specifics, the spokesperson said the bank was watching blockchain technology to assess how it could be used to speed up business processes and make them less costly.
"But these are only projects and formations," they added.
The comments come after a report in July suggested BNP Paribas was looking to incorporate bitcoin to one of their currency funds.
CoinDesk reached out to BNP Paribas at the time but was unable to verify the news.
BNP Paribas Fortis image via Hadrian / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Norway's sovereign wealth fund supports Metaplanet bitcoin plan ahead of EGM vote
Norges Bank, which holds a 0.3% stake in Metaplanet voted in favor of for all five proposals ahead of the Dec. 22 EGM.
What to know:
- Norway’s sovereign wealth fund, which holds about 0.3% of Metaplanet, voted in favour of all five proposals ahead of the company’s Dec. 22 Extraordinary General Meeting, backing its Bitcoin treasury strategy.
- The proposals introduce perpetual preferred shares and expand capital flexibility to support non dilutive Bitcoin accumulation.
Top Stories
