Three organizations based in the Netherlands are collaborating on the issuance of a MiCAR compliant euro stablecoin, EURQ. Technically, it’s an ‘electronic money token’ (EMT). Stablecoin firm Quantoz Payments is partnering EU multilateral trading facility NPEX and its blockchain partner Dusk, aiming to support regulated finance on the Dusk blockchain. EURQ already exists on the Ethereum blockchain with a €5 million market capitalization and 27 holders.
“A regulated, compliant, digital euro is a vital piece of the equation to build an on-chain stock exchange, and we are confident this groundbreaking partnership will benefit not only the three parties involved, but also users and finance more broadly,” said Mark van der Plas, NPEX CEO.
NPEX is regulated in the Netherlands as a multilateral trading facility and also has a crowdfunding license. Hence, it supports the issuance of securities by SMEs and provides a marketplace. Since its founding in 2020 it has helped companies raise €192 million in growth capital.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
