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Arnaud Caudoux
Speaker · Proof of Talk 2026
Bpifrance

Arnaud Caudoux

Deputy CEO, Bpifrance

Arnaud Caudoux moved from SME loan guarantees at Sofaris and OSEO Garantie into the finance leadership of Bpifrance, where, as Deputy CEO, he was the executive quoted on the bank's 2025 plan to invest directly in digital assets and its 2026 choice of a MiCA-compliant euro stablecoin.

The Significance

Why the room needs them.

Arnaud Caudoux, Deputy CEO of Bpifrance, spoke at Proof of Talk Paris 2026 on a panel about euro, sterling and Swiss franc stablecoins. He was quoted in Bpifrance's 2025 plan to invest up to €25 million directly in digital assets and in its April 2026 decision to use Société Générale-FORGE's EUR CoinVertible stablecoin.

The Numbers
Up to €25M
Direct digital-asset investment Bpifrance planned in March 2025, in the announcement that quoted him
2015
Year he was named Deputy CEO of Bpifrance
The Biography

The full account.

Arnaud Caudoux is Deputy CEO of Bpifrance, the French public investment bank. He studied at the École Polytechnique and graduated from the École Nationale des Ponts et Chaussées. He began his career in 1997 as a consultant at Andersen Consulting, now Accenture, and joined A.T. Kearney in 2001.

In 2003 he moved to Sofaris, which handled loan-guarantee schemes for small and medium-sized businesses, as chief credit risk and IT officer. He was deputy chief executive of OSEO Garantie, as Sofaris had become, from 2004 to 2008, and deputy chief executive of OSEO from 2008 to 2012. When Bpifrance was created in 2013, bringing together OSEO, CDC Entreprises and FSI, he was appointed its executive director and chief financial officer. In 2015 he was named deputy chief executive, responsible for finance, risk, information systems and the guarantee business.

In February 2021, when Technip Energies was spun off from TechnipFMC, he stepped down from the TechnipFMC board and became a non-executive director of Technip Energies.

In March 2025 Bpifrance said it planned to invest up to €25 million directly in digital assets, backing blockchain projects with a strong French footprint, and quoted him on the plan. At a separate press briefing, as reported by The Block from a Bloomberg account, he said direct token investment had become "much more urgent" in light of the United States' accelerating crypto strategy, and that "we want to keep those companies here". In April 2026 he was quoted in Bpifrance's announcement that it would use Société Générale-FORGE's EUR CoinVertible, a stablecoin meeting the requirements of the EU's MiCA regulation, as a settlement asset for capital-markets transactions, for crypto-asset exchanges within its digital-asset investment activity, and for treasury and liquidity management. In that statement he described stablecoins as a strategic building block and a matter of monetary sovereignty.

He spoke at Proof of Talk Paris 2026 as Deputy CEO of Bpifrance. On 3 June 2026, the summit's second day, he sat on the Hecto Main Stage panel "Beyond USD: The Future of Euro, Sterling and Swiss Franc Stablecoins" with Elliot Hentov, Sasha Mills and Johannes Kern, moderated by Lisa Cameron. The invitation-only summit, organised by X Ventures, was held at the Musée des Arts Décoratifs in the Louvre Palace, Paris.

The Thesis · on the record

What Arnaud believes about the next ten years.

01
France needs its own crypto ecosystem
At a March 2025 press briefing, as reported by The Block from a Bloomberg account, Caudoux said direct token investment had become "much more urgent" in light of the United States' accelerating crypto strategy, which he said was "creating massive attractivity for all crypto companies from across the world", and that Bpifrance believed "it's very important in the future to have our own ecosystem".
02
Regulated stablecoins are a matter of monetary sovereignty
In Bpifrance's April 2026 announcement on EUR CoinVertible, he said that tokenisation was reshaping payments, settlement and liquidity management, that stablecoins had become a strategic building block and a matter of monetary sovereignty, and that stablecoins regulated under MiCA gave Europe the opportunity of trusted solutions backed by solid assets and issued by supervised institutions.
The Timeline

Years of shipping.

2004
Became deputy chief executive of OSEO Garantie (formerly Sofaris), a post held until 2008.
2008
Became deputy chief executive of OSEO, a post held until 2012.
2013
Appointed executive director and chief financial officer of the newly created Bpifrance.
2015
Named Bpifrance's deputy chief executive, responsible for finance, risk, information systems and the guarantee business.
2021
Left the TechnipFMC board and became a non-executive director of Technip Energies on its spin-off in February.
2026
Quoted in Bpifrance's April announcement that it would use the EUR CoinVertible stablecoin; spoke on the stablecoins panel at Proof of Talk Paris 2026 on 3 June.
In Their Words

Lines that keep proving correct.

The new U.S. policy is creating massive attractivity for all crypto companies from across the world.

The Block, 28 March 2025, reporting a press briefing first covered by Bloomberg

We want to keep those companies here because we strongly believe that it's very important in the future to have our own ecosystem.

The Block, 28 March 2025, reporting a press briefing first covered by Bloomberg

We are convinced of the growing importance that these players will take on in the years to come and want to increase French competitiveness and presence in the digital assets field.

Bpifrance press release (English version), 27 March 2025

The next Proof of Talk is in Abu Dhabi.

Louvre Abu Dhabi, 3–4 December 2026. Admission is by application, and the room is capped at 2,000.

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