Next June, Mon Livret C will launch a new savings product for individuals. The Lyon fintech announces a return close to 5%, and hopes to attract 6,000 customers by the end of 2022.
Cryptocurrencies are intriguing. According to a study carried out by KPMG on behalf of the Association for the Development of Digital Assets (Adan), 8% of the French have already invested in cryptocurrencies, and 30% plan to launch in the short term.
But at the same time, cryptocurrencies are scary. According to the Crypto Pulse barometer, produced by the Bitstamp platform, nearly 6 out of 10 French people consider them an unreliable investment, often due to lack of knowledge. And while many players offer individuals the opportunity to invest in crypto-assets, few are those who undertake to manage them for them.
It is from this observation that Mon Livret C was born, a French startup created in early 2021 by Mathieu Charret and Romo Poncet-Labouche, both recently graduated from emlyon business school. Its objective: to offer a savings product based on crypto-assets, and accessible to as many people as possible, without any technical knowledge.
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5% target return
Mon Livret C announces an annual return net of fees close to 5%, but specifies that this return is absolutely not guaranteed. Here, there is no question of betting on bitcoin. To make your money grow, the start-up converts the euros invested into stablecoinslow-volatility assets because they are indexed to the price of traditional currencies, such as the dollar.
Using blockchain technology, these funds are then invested in loan protocols in Decentralized Finance (DeFi), a market independent of banking circuits, which today would represent 84 billion dollars. In return for the loans granted, Mon Livret C receives interest, thanks to which the fintech is remunerated and distributes a return to you.
Ct plus: interest is paid into your account every day, the entry ticket is relatively accessible (1000 euros initial investment), and there is no no charges entry or exit. Above all, you can withdraw your funds at any time, like on a classic savings account.
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Be careful, however, because this placement is not without danger. The objective is to approach the uses of the Livret A, with more performance, although the capital is not guaranteed. A risk of loss remains for the investor, who must use Mon Livret C knowingly, explains the chairman, Romo Poncet-Labouche, in the columns of Echoes.
Mon Livret C has been registered as a digital asset service provider (PSAN) with the Autorité des marchés financiers (AMF) since April 14. The fintech hopes to convince 6000 customers by the end of 2022, and manage 12million euros of assets. The service is currently in the test phase with 500 savers registered on the waiting list. Its official launch should take place next June.
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