AllUnity, a joint venture between asset manager DWS, market maker Flow Traders, and blockchain firm Galaxy, has been granted an E-Money Institution (EMI) license by the German Federal Financial Supervisory Authority (BaFin).
The approval of this license paves the way for the introduction of AllUnity’s fully regulated, MiCAR-compliant Euro stablecoin, named Eurau. This stablecoin will be 100% collateralized and designed for 24/7 instant cross-border settlements, offering seamless integration with regulated financial institutions, fintechs, and enterprise clients globally.
Stefan Hoops, CEO of DWS, stated, “The EMI license is not only a milestone for AllUnity but also represents a turning point for the European financial industry, enabling the issuance of the first fully regulated EUR stablecoin from Germany. While we celebrate this landmark moment for AllUnity, DWS, and its joint venture partners, we believe bringing the euro onto the blockchain is a foundational step for the future of the European financial system, creating a gateway to Europe and enhancing efficiency.”
In another development within the European stablecoin sector, digital asset trading platform Assetera will adopt the MiCA-compliant EURØP stablecoin from Schuman.io for client transactions involving security tokens. Issued by Schuman Financial under the supervision of the French ACPR, EURØP is fully backed by Euro reserves held in regulated European banks.
Martin Bruncko, founder and CEO of Schuman Financial, remarked, “Assetera demonstrates that real-world assets can trade at blockchain speed; what they needed was cash that moves at the same pace. EURØP fills this gap as fully redeemable, MiCA-grade euros that settle in seconds. Together, we are making the vision of a euro-denominated capital market on-chain a reality.”