OZ booklet: the paper gold that anchors your capital in agro-resilience

High inflation and tense geopolitics: safe havens are rediscovering themselves. Financière du Nogentais (FDN) is responding with the Livret OZ, a 100% paper gold deposit—zero ingots delivered but backed by the world’s leading grain chain.

“Owning paper gold means consolidating your wealth without moving a single gram of metal.”

Economic situation: time for something tangible

In 2025, the markets are navigating by sight. With persistent inflation (+0.9% in France in June 2025 according to INSEE), persistently high interest rates, and geopolitical tensions amplified by repeated crises in the Red Sea and the Taiwan Strait, investors are favoring tangible assets. Food sovereignty is naturally emerging as a central concern for resilient wealth strategies.

Financière du Nogentais: A Solid and Visionary Player

Founded in 1985, Financière du Nogentais (FDN), with a share capital of €277.6 million, is currently chaired by Jean-Michel Soufflet. Integrated into the InVivo-Soufflet ecosystem, the world leader in the cereal sector with 2023-24 revenue of €11.7 billion and a solid EBITDA of €384.4 million, FDN benefits from a long-standing presence in the agro-industrial sector.

OZ Booklet: When Gold Stands Still, But Grows

The OZ Booklet is an investment exclusively in paper gold, with no physical delivery of metal. This product is reserved for qualified investors, offering direct and sustainable exposure to the assets of Soufflet Malt (41 sites in 20 countries, 3.7 million tonnes of malt produced, revenue of €2.2 billion). Soufflet Malt has an ISO 9001 and GMP+ certified value chain, awarded EcoVadis Gold in 2024, placing it in the top 5% worldwide for corporate social responsibility.

Jean-Michel Soufflet explains: “We offer a tangible asset without the logistical constraints of physical metal. The OZ Booklet finances the French grain infrastructure without shipping a single ingot.”

Why invest now? The current context, with the FAO index increasing by 26% between 2021 and 2022, even if it declined slightly in 2023, is conducive to agribusiness investment. At the same time, record investments in agritech and a €2.5 billion Sustainability-Linked Loan indexed to ESG KPIs demonstrate real sectoral momentum.

The OZ Booklet, a class apart

Unlike traditional gold ETFs, the OZ Booklet offers paper gold holdings strictly backed by real assets, thus offering intra-group dividends via the parent-subsidiary regime (95% tax-free). Withdrawals are made exclusively in cash (euros), with no possibility of withdrawing physical metal.

Concrete success stories

A wine family office, initially endowed with €12 million, achieved an IRR of 8.4% thanks to the OZ Booklet. Furthermore, FDN recently subscribed €30 million to the Réalités capital increase (AMF notice no. 222C1580), demonstrating the attractiveness and confidence generated by this vehicle.