In a significant step towards restoring trust in Lebanon’s financial system, the Regional Economic Service of the French Embassy in Lebanon has joined forces with DebLabs to kick-off the DebLeb Project. This ambitious initiative leverages blockchain technology to rebuild confidence and revitalize economic financing in a country grappling with a prolonged financial crisis.
At the heart of the project is DebLabs, a joint venture between two French FinTech leaders: FeverTokens and ReformFinance. FeverTokens, a recognized deeptech firm, is a global authority on blockchain technology and smart contracts for financial institutions. ReformFinance, meanwhile, specializes in blockchain-based value transfers via digital wallets and is actively engaged in projects within Lebanon. Together, they bring deep expertise to an effort that could reshape the country’s financial landscape.
A series of high-level workshops, convened by the French Embassy’s economic arm, served as the project’s launchpad. The discussions brought together a diverse set of participants, including representatives from international financial institutions, Lebanese banks, regulatory bodies, and key local financial players such as microfinance institutions and investment funds. Local businesses were also present, underscoring the real economy’s stake in the success of this initiative.
The urgency of Lebanon’s financial crisis was a common thread throughout the discussions. Participants acknowledged the critical need for structural solutions that could re-establish confidence and enable access to financing. The potential of blockchain and tokenization to provide transparent, efficient, and decentralized financial infrastructure was met with strong interest. The emphasis on sound governance reinforced the project’s credibility, highlighting its potential to attract both local and international stakeholders.
Building on this momentum, the French Economic Service and French financial institutions will collaborate with DebLabs to launch a targeted pilot project by the end of the year. This initiative will include key players from the Lebanese financial sector as well as international financial institutions, ensuring a comprehensive and inclusive approach.
In his closing remarks, the French Ambassador to Lebanon reaffirmed France’s deep commitment to supporting Lebanon’s economic recovery. He underscored the importance of banking sector restructuring and highlighted the pivotal role that French institutions and innovative FinTechs like DebLabs can play in this transformation.
The DebLeb Project presents a rare opportunity to modernize Lebanon’s financial system. By harnessing blockchain technology, it offers a pathway towards greater transparency, accessibility, and trust—foundations upon which a resilient and revitalized financial sector can be built.