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Deutsche Bank DWS collaborates with Galaxy to launch Germany's first regulated Euro stablecoin EURAU
Summary: According to Bloomberg, Deutsche Bank's asset management subsidiary DWS, along with Flow Traders and Galaxy, have collaborated to launch Germany's first regulated Euro stablecoin EURAU. The joint venture AllUnity, consisting of DWS, Flow Traders, and Galaxy, obtained an Electronic Money Institution (EMI) license from the German Financial Supervisory Authority (BaFin) at the beginning of the ...
According to Bloomberg, Deutsche Bank's asset management subsidiary DWS, along with Flow Traders and Galaxy, have collaborated to launch Germany's first regulated Euro stablecoin EURAU. The joint venture AllUnity, consisting of DWS, Flow Traders, and Galaxy, obtained an Electronic Money Institution (EMI) license from the German Financial Supervisory Authority (BaFin) at the beginning of the month to issue EURAU. EURAU will fully comply with the European Markets in Crypto-Assets (MiCA) framework, being 100% collateralized and providing institutional-grade transparency through reserve proof and regulatory reports. This stablecoin can be used for real-time cross-border settlements around the clock, offering seamless integration for regulated financial institutions, fintech companies, and corporate clients in Europe and other regions.
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Link: Deutsche Bank DWS collaborates with Galaxy to launch Germany's first regulated Euro stablecoin EURAU [Copy]
