France-based io.finnet Group and Metavisio – THOMSON Computing have announced a joint venture to develop what they describe as the world’s first Web3-ready computers by 2025. The initiative aims to integrate advanced cryptographic security and decentralized frameworks into personal computing, addressing growing global concerns around data sovereignty and cybersecurity.

In a press release shared with The Byteline, it states that the partnership was formalized with the signing of a Letter of Intent (LOI), detailing a 50/50 ownership structure between io.finnet, a blockchain and cybersecurity-focused technology firm, and Metavisio – THOMSON, a French computing manufacturer.

The planned devices will include a Web3 operating system and multiparty computation (MPC) cryptography, technologies designed to secure data against potential quantum computing threats. 

According to the announcement, these features will provide users with enhanced control over their data and digital identities while supporting decentralized finance applications and other emerging technologies.

The joint venture is targeting a North American stock market listing in 2025 to expand its global presence and secure funding. The timeline for the project includes finalizing legal agreements by January 2025 and conducting strategic pre-IPO fundraising.

Stephan Français, CEO of Metavisio – THOMSON, and Gregory Pepin, CEO of io.finnet, highlighted the partnership as a significant step in reshaping the computing landscape with decentralized and secure technologies.

Pepin claimed, “By combining our expertise, we’re poised to redefine how the world interacts with technology and propel our JV to the forefront of Web3 leadership,” said Gregory Pepin, CEO of io.finnet.”

As the Web3 market is projected to grow to $81.5 billion by 2030, the venture positions France as a contributor to the development of secure and decentralized computing solutions.