Blockchain and Crypto-Assets 2026

FRANCE Law and Practice Contributed by: Estelle Rigal-Alexandre, Marie Frisch and Mohamed Bouzenada, Soulier Bunch

Soulier Bunch is an independent French business law firm with offices in Paris and Lyon, comprising a team of 20 lawyers advising domestic and interna- tional clients on transactional, litigation and regulato- ry matters. The firm acts for listed and unlisted com- panies, mid-market businesses, start-ups, financial institutions, investment funds and industrial groups across a broad range of sectors, including digital in- dustries, telecommunications, banking and finance, chemicals, energy, transport and logistics, and life sciences. Its integrated team covers M&A, private equity, business reorganisations, competition and

antitrust, regulatory matters and business litigation, with established capabilities in insolvency and re- structuring. This cross-disciplinary structure enables the firm to support clients throughout their develop- ment and strategic growth, including in blockchain, crypto-assets, digital assets and fintech activities, particularly in relation to complex regulatory frame- works and licensing and registration aspects, the structuring of blockchain-based projects and rapidly evolving technology-driven business models, focus- ing on practical and business-oriented solutions. frameworks applicable to equity and tokenised securities offerings. Marie regularly assists growth- stage and technology-driven companies in structuring financing rounds, governance and cross-border transactions, including blockchain and digital asset projects. She is a member of AIJA, the Franco-British Chamber of Commerce & Industry and the French Association of Business Lawyers (ACE).

Authors

Estelle Rigal-Alexandre is a founding partner at Soulier Bunch and leads the firm’s regulatory and competition practice. She advises French and international clients on financial services, crypto-asset and digital

asset regulation, as well as digital markets and emerging technologies, including blockchain and Web3 ecosystems. Estelle assists clients with regulatory impact assessments, licensing and registration procedures before French and EU authorities, and represents them in regulatory and competition disputes, including high-stake matters. She regularly advises stakeholders in regulated sectors, including telecommunications and digital services. Estelle is a member of the IBA, InfraNum and the French Association of Business Lawyers (ACE).

Mohamed Bouzenada is a founding partner at Soulier Bunch and heads the firm’s restructuring and insolvency practice. He advises investors, creditors and companies on the acquisition and restructuring of

distressed businesses, including those operating in fintech, digital assets and blockchain sectors, in both pre-insolvency and insolvency contexts. Mohamed has solid experience in complex turnaround situations, financial restructurings and distressed transactions. He regularly handles cross-border matters and co-ordinates multidisciplinary teams in strategic and sensitive situations, notably in relation to technology-driven and Web3 businesses. Mohamed is a member of the International Bar Association (IBA).

Marie Frisch is a founding partner at Soulier Bunch and heads the firm’s M&A practice. She advises French and international clients on M&A, private equity transactions and business reorganisations, with

particular expertise in financial services, crypto- asset and digital asset regulation, including AMF

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