AllUnity Receives EMI License, Paving Way for MiCAR-Compliant Euro Stablecoin Eurau

AllUnity, a joint venture involving DWS, Flow Traders, and Galaxy, has been granted an E-Money Institution (EMI) license by the German Federal Financial Supervisory Authority (BaFin). This regulatory approval clears the way for the release of AllUnity's fully regulated, MiCAR-compliant Euro stablecoin, named Eurau.

The Eurau stablecoin is designed to be 100% collateralized and will support 24/7 instant cross-border settlements, with planned seamless integration for regulated financial institutions, fintechs, and enterprise clients globally.

Stefan Hoops, CEO of DWS, highlighted the significance of the license, stating, "The E-Money Institution (EMI) licence is not only a milestone for AllUnity but also marks an inflection point for the European financial industry as it enables the issuance of the first fully regulated EUR stablecoin out of Germany."

He further expressed belief that bringing the euro onto the blockchain represents "a foundational building block for the future of the European financial and real economy, creating a gateway to Europe and a more efficient financial system."

In related developments within the European stablecoin sector, digital asset trading platform Assetera is slated to adopt the MiCA-compliant EURØP stablecoin from Schuman.io for client use in buying and selling security tokens. This EURØP stablecoin, issued by Schuman Financial under the supervision of the French ACPR, is fully backed by Euro reserves held in regulated European banks.

Martin Bruncko, founder & CEO of Schuman Financial, noted, "Assetera proves that real-world assets can trade at blockchain speed; what they needed was cash that moves the same. EURØP perfectly fills the gap as fully redeemable, MiCA-grade euros that clear in seconds. By joining forces, we're turning the idea of a euro-denominated capital market on-chain into reality."