AllUnity has received regulatory approval from German regulator BaFin as an E-Money Institution, the license needed to launch a stablecoin under the EU’s MiCA regulations. AllUnity is a joint venture between Deutsche Bank’s asset management arm DWS, Galaxy and Flow Traders. The company plans to launch its EURAU euro stablecoin imminently, 18 months after first announcing the initiative.
“This license is not just a regulatory hurdle cleared, it’s a foundational step towards building a truly secure, transparent and compliant digital cross-border payment ecosystem for Europe and global markets,” said AllUnity CEO Alexander Höptner.
The 1:1 backed stablecoin will target fintech, enterprise and institutional use cases including cross border payments and corporate treasury usage.
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