Dimitri Granger

On connait la liste des entreprises européennes qui vont participer au pilote de l'euro numérique de détail (démarrage en 2027) À noter la présence d'une seule française (@GroupeBPCE) et de @Stripe dont le siège est désormais aux États-Unis

Crypto funds are showing their first signs of a recovery: Crypto ETFs attracted +$281.8 million in inflows last week, the first weekly inflow since the 2nd week of May. Bitcoin funds posted +$197.4 million in inflows, while Ethereum funds attracted +$84.4 million. This also marks the end of an 8-week streak of outflows, totaling more than -$7 billion. As a result, trailing 12-month inflows are down to +$1 billion, from +$10 billion in late April. By comparison, inflows peaked at +$12 billion in October 2025. Buyers are beginning to return to the crypto market.

We rebuilt @TheBigWhale_ from the ground up this year. Not the product. The company itself. For decades, organizational hierarchy existed for one reason: to manage information flow. The more complexity, the more layers. Middle management was never about control - it was about routing. AI breaks that logic entirely. When every person in your company can directly access data, query the organization's knowledge, and move without waiting for a chain of approvals, the hierarchy becomes redundant. An AI-powered organization absorbs complexity that used to require people to absorb it. The deeper shift: every decision your team makes, every correction, every judgment call becomes reusable signal. Your company's expertise stops being trapped in people's heads or buried in processes. It becomes executable. Queryable. Compounding. The firms that understand this aren't just becoming more efficient - they're building a completely different kind of asset. That's exactly what @ZakLaMedaille, @DG2 and @Arthurws14 are building at TBW right now. We're a team of ten spread across Europe - Paris, Geneva, Novi Sad, London, Lisbon, Brussels. Everyone reports to me directly. Everyone owns their vertical completely. We sync regularly throughout the week - no bottlenecks, no waiting. And it shows in what we actually deliver: the best market intelligence on digital assets and agentic for financial institutions and corporates. More product features, more clients, more content, more events. All at once. The best proof of that: the MCP we launched a few weeks ago. Built fast, built well. It's the entire intelligence of TBW, directly distributed to our clients. Flat isn't a structure. It's a bet that the right people with the right tools don't need layers between them and the work. All of this started four months ago. We cover this agentic revolution for our clients every week through "The Agent", our dedicated newsletter. Last week's interview with Su Yang from @BNPParibas is a must-read - a rare inside view of how AI is reshaping one of Europe's largest financial institutions: thebigwhale.io/article/su-yan… Over 150 companies get it every week, and they can book direct calls with The Big Whale analysts (@gregory_raymond, @BukovskiBuko3) to go deeper: thebigwhale.io

2022: @TheBigWhale_ started as a newsletter. This week: 75 clients and partners in @MorganStanley's NYC 🇺🇸 offices for our first private event in the US - alongside some of the best crypto projects out there as partners: @tradeon21x, @Morpho, @FireblocksHQ. Four years. From a newsletter to a room full of banks, asset managers and top-tier crypto builders in Manhattan. Today TBW works with 150+ institutions - banks, asset managers, PSPs, fintechs - giving them the intelligence they need to navigate digital assets and agentic finance. Every week: exclusive benchmarks on which markets are moving and which products actually work. Next stop: Paris, July 7. @jpmorgan, @coinbase and Worldline will be in the room. A few seats left: luma.com/tbw_raise_summ…

MiCA is officially live in Europe. From today, only licensed entities can operate in the EU crypto market. No license, no activity. At @TheBigWhale_, we tracked every company that secured a MiCA license across Europe. The breakdown is not what most people expected: - 32% are crypto platforms - 26% are fintechs - 17% are banks - 11% are asset managers Crypto-native companies are no longer the majority of licensed players. TradFi is moving into this market faster than most assumed. Everyone who said MiCA would reshape the sector was right. MiCA is not a niche crypto framework anymore. It is becoming the entry ticket for any financial institution building around digital assets in Europe. The full dataset and rankings are live on our new MiCA dashboard: thebigwhale.io/products/mica-… I'm proud we keep shipping products like this for our clients - real data, real analytics, not just commentary. Built by @Arthurws14, @BukovskiBuko3 & @mc_9393, who spent months compiling and structuring the entire license landscape. Want a walkthrough of the dashboard? Book a call with the team: thebigwhale.io Who do you think are the next players to enter this landscape?

🇩🇪 Germany is Europe's most licensed crypto market. 54 MiCA licences. 4.9 million crypto users. The three pillars of its banking system moving toward digital assets at the same time. Yet half the banks we surveyed have no live offer today. The debate has shifted. It's no longer about conviction. It's about execution. 🔵 Fintechs: 5/5 strategic importance, 100% operational, budgets growing fast. 🔵 Banks: 2.8/5, half still in pilot or exploration phase. 🔵 The main obstacle is no longer client demand. It's core banking integration. Something is moving in Germany. Whether banks can close that gap before fintechs lock in the infrastructure layer is the real question. We surveyed 22 players across 7 axes. The full benchmark, including exclusive interviews with @DeutscheBank, @Bitpanda, and @AllUnityStable! 👉 thebigwhale.io/reports/benchm…

🇺🇸 This week, we hosted our first-ever private event in NYC, at @MorganStanley's HQ, with @FireblocksHQ, @tradeon21x, and @Morpho. For two years, we've been running this format across Europe's financial capitals. NYC confirmed something we already suspected: the demand is here, the room is ready, and we need to be back many more times. The panel was one of the sharpest of the year, and the audience matched it, with top executives leading digital assets across all major financial institutions. The head of digital assets at a billion-AUM investment firm listed on NASDAQ wrote us afterwards: "The best, well curated, well thought, deep, concise, academic session for industry experts". New York, we'll be back many times 🇺🇲

🔴 Exclusive @TheBigWhale_ MiCA: France, Binance's Last Resort in Europe According to our reporting, France is now Binance's only viable option to maintain access to the European market. Discussions are underway with the AMF, but no formal application has been filed. This scenario follows the Greek rejection revealed yesterday by Reuters, which we are in a position to confirm. And the behind-the-scenes story of this rejection is more political than regulatory. According to our sources, the Greek regulator (HCMC) had deemed the application complete and compliant with MiCA. The block reportedly came from the top: Christine Lagarde is said to have directly signaled to the Greek Prime Minister that Binance was not welcome in Europe. The directive was then reportedly passed on to the Finance Minister, and from there to the HCMC. The ECB president's presumed motivation is believed to be linked to stablecoins. Binance is the primary liquidity channel for these assets in Europe. Cutting off its access to this market would amount to forcibly strengthening the position of the future digital euro. On the French side, the Treasury and Tracfin (financial intelligence agency) are reportedly pushing for Binance to be supervised from Paris. The rationale: maintaining visibility over the platform's financial flows, which would disappear if it left the European market. All our reporting in our investigation, available in open access below thebigwhale.io/article/mica-f…

Last call 🇩🇪 Tomorrow morning, we're hosting an exclusive breakfast in Berlin - right next to @SuperReturn. 👉 luma.com/tbw-superreturn 2 hours of networking + an interactive roundtable on one question: Onchain Yield - Who's Actually Making Money? Speakers: 🎙️ @JonasKrstic - Head of Business Relations, @stokr_io 🎙️ @DarrenCamas - Co-founder & CEO, @ipor_io 🎙️ Ben Elvidge - Head of Alternative Assets, @metalsofficial 🎙️ @JonasKonstandin - Chief of Staff, @MidasRWA 🎙️ @BukovskiBuko3 - Lead Analyst, @TheBigWhale_ 8:30am. Funds, asset managers, investors welcome.

Berlin. Tomorrow morning. With @stokr_io, @metalsofficial, @ipor_io, and & @MidasRWA. It's going to be a great one 🫡 luma.com/tbw-superreturn

We're joining @TheBigWhale_ 's exclusive breakfast session in Berlin during @SuperReturn on June 10th. Our Chief of Staff @JonasKonstandin will be on the panel: "Onchain Yield: Who's Actually Making Money?" alongside Jonas Krstic ( @STOKR_io), Darren Camas ( @ipor_io) and Ben Elvidge ( @metalsofficial). Interested in joining? 👇 luma.com/tbw-superreturn

🇩🇪 SuperReturn starts today in Berlin, and our breakfast is on Wednesday. If you're a capital allocator and digital assets are somewhere on your radar, this is the room to be in. 5 minutes from the main venue. June 10, at 8:30 AM. The guest list speaks for itself: global banks, asset managers, capital markets firms, and digital asset companies. Decision-makers in one room, for one focused conversation. The topic: onchain yield, tokenized assets, and how institutional players are rethinking where capital sits and what it earns. This is a focused breakfast for people who are asking the right questions and want to be in a room where the answers are being built: @stokr_io, @metalsofficial, Fusion by @ipor_io, and @MidasRWA. Seats are limited: details and registration in the comments 👇

This is exactly why we don't do massive, noisy conferences. Value happens in high-signal, intimate rooms. Huge thanks for the trust. Our June Corporate Breakfast tour is officially open. First stops: Paris today and Amsterdam tomorrow alongside Money20/20! 🚀🇫🇷🇳🇱

In 48 hours, @TheBigWhale_ is hosting the most important breakfast conversation in Paris on tokenization. @FTI_US, @StellarOrg, @FireblocksHQ, @zodiamarkets, & @tradeon21x. In the same room. One of the top topics on the table: @The_DTCC just put U.S. securities on a public blockchain for the first time. We'll unpack this live with top experts. 2 hours of real conversations, strategic insights, and high-level networking. This is where business gets done: luma.com/tbw_proof_of_t…

🇫🇷 The debate on tokenization is over. What's left is execution, timing, and who moves first. That's what we're covering on June 2nd in Paris, during Proof of Talk, with @tradeon21x, @FTDA_US, @OndoFinance and others. The tokenization of RWAs is no longer a distant scenario. Equities, bonds, funds, currencies, and private assets are moving to blockchain rails faster than most institutions expected. By 2030, the question will not be whether your assets are onchain. It will be whether you acted early enough. Executives from the world’s leading financial institutions and the teams building the infrastructure they will rely on, all in the same space with one agenda: which asset classes are moving first, what is production-ready today, and where institutions need to act first. If you're in Paris for Proof of Talk, reach out: this is the one private event you don't want to miss. Details in the comments 👇

Just In: @StanChart is acquiring @ZodiaCustody. Not a surprise - SC has always been Zodia's main shareholder. But a massive signal: this formalises the integration into core business. Digital assets are no longer kept at arm's length. They're being owned, structured, and scaled. @julian_sawyer, Zodia Custody's CEO, said it clearly: "As the market matures, custody is increasingly moving to banks." Three years ago, banks were "exploring" digital assets. Today, they're making acquisitions. Same logic at @SocieteGenerale: @SG_Forge, the group's digital assets subsidiary, is being increasingly integrated into SG's core business activities. The capital dynamic may differ, but the direction is identical. At @jpmorgan, Kinexys teams are being brought deeper into the bank's projects and business lines. And this is far from isolated - across many banks and companies working on digital assets, we're seeing the same move: what was built separately is now being pulled into the core. I spoke today with a senior executive at a major European bank. Their words: "There isn't a week anymore where stablecoins and tokenisation aren't discussed at board level." The exploration phase is over. Things are accelerating. At @TheBigWhale_, we work with 150+ institutional clients - banks, asset managers, fintechs, funds, corporates. What we hear across all of them is the same: the question is no longer whether. It's how fast. We're discussing exactly this at our next events: 🇫🇷 Paris - June 2 🇳🇱 Amsterdam - June 3 🇩🇪 Berlin - June 10 🇺🇸 NYC - June 22 🇨🇭 Zurich - June 24 Full agenda: thebigwhale.io/corporate-memb…

La démographique vieillissante retourne aussi l'état d'esprit du pays. Quand la France était une gigantesque cour de récréation, elle regardait avec ses enfants vers l'avant. Devenue une gigantesque maison de retraite, elle se morfond aujourd'hui dans le "c'était mieux avant".

"Voudriez-vous d'un dépôt tokenisé émis par Credit Suisse ?" @ddisparte (@Circle) pose la question qui fâche dans une interview @TheBigWhale_ au sujet de cet actif qui s'oppose au stablecoin → Stablecoin à réserves intégrales : réserves ségrégées, rachat au pair, aucun risque de crédit → Dépôt tokenisé : double numérique du bilan bancaire, avec son levier et son risque de transformation. Son argument aux banques : le GENIUS Act impose une entité séparée du bilan pour émettre, alors pourquoi immobiliser du capital sans créer de crédit ? Il souligne que les banques qui se sont associées aux émetteurs ont vu leur bilan croître avec la circulation, sans recréer la liquidité. Ce débat stablecoins (acteurs crypto natifs) vs dépôts tokenisés (banques) promet d'animer les prochains mois ! thebigwhale.io/fr/article/dan…

🔴 We're welcoming Marek Socha, MD Global Markets at @tradeon21x, as a speaker at our private event in London on May 14th! For new settlement infrastructure to matter, it needs to be live and regulated, not just theoretically sound. 21X built exactly that: Europe's first fully licensed DLT trading and settlement system, enabling atomic settlement of tokenized securities and stablecoins. He'll join @FTDA_US and the @ethereumfndn to get straight to the point: with regulated settlement venues live and tokenized assets in production, how do institutions actually move beyond pilots? Details & registration in the comments 👇

For the first time, someone mapped digital assets adoption across French financial institutions. We did it. @TheBigWhale_'s first benchmark - presented this week at a private breakfast with @Clifford_Chance, @banquedelubac, @Coinhousefr, and Hexarq in Paris 🇫🇷 20 banks, fintechs and asset managers. Structured surveys. C-level interviews. Onchain data. Weeks of work. What we found: 🔵 Banks - every single one is increasing its digital assets budget for 2026-2027. Two by more than 20%. ~300 open positions, half in compliance. 🔵 Fintechs - already really active. Infrastructure absorbed. Now watching banks enter their lane. 🔵 Asset managers - the most divided. A few moving fast. Most still waiting. No one had this picture before today. And we're not stopping at France. Germany. UK. Spain. Same methodology. Same rigour. Same depth. A European-wide map of who's moving - and who's not. Free download here: thebigwhale.io/reports/benchm…