Paris Blockchain Week Co-Founder Says Banks Now Enter Crypto to Do Real Business

Michael Amar, Co-Founder and Chairman of Paris Blockchain Week, said the industry has shifted from informal early networking to more serious engagement from banks.

Summary

Michael Amar, Co-Founder and Chairman of Paris Blockchain Week, said the digital asset sector has evolved sharply from its earlier stage, when participants were still figuring out whom to meet, to a more mature period in which banks are coming into the industry for practical business activity. His remarks, made in an interview with Gazza Jenks, point to a broader maturation trend in crypto, where institutional participation is increasingly associated with structured commercial use rather than early experimentation.

Terms & Concepts
  • Institutional adoption: The growing involvement of established financial firms, such as banks, in crypto markets, products, or infrastructure.
  • Blockchain: A shared digital ledger that records transactions across a network in a tamper-resistant way.
  • Digital asset sector: The part of finance and technology focused on cryptocurrencies, tokenized assets, and related blockchain-based services.