Eniblock
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Eniblock was a French blockchain infrastructure company based in Puteaux, a subsidiary of The Blockchain Group (formerly The Blockchain XDev). It offered an all-in-one Web3 platform for enterprises and brands: tokenization, custody, payments, compliance, non-custodial multi-chain wallet-as-a-service, and one of Europe’s first white-label NFT platforms. It listed on Euronext Growth Paris in September 2022 at a valuation of 105 million euros (about $104 million).
02 / Eniblock FAILURE REASONS
Failure factors
Eniblock failed to obtain the financing necessary to maintain operations. Without funding to support a recovery plan, it entered judicial liquidation.
03 / EVENT HISTORY
Events in the structured record
- Liquidation
Eniblock entered judicial liquidation in February 2024; operations ended in March after no acceptable takeover offer was received.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
All-in-one blockchain infrastructure for Web3 builders and brands
- 02
Listed on Euronext Growth Paris in September 2022 at 105M euros valuation
- 03
Raised 9.2M euros in 2023 to accelerate deployment
- 04
Judicial liquidation opened in February 2024 after ceasing payments