Deutsche Börse Group and AllUnity, a joint venture between DWS, Flow Traders, and Galaxy,and aregulated e-money institute, have signed a Memorandum of Understanding. The collab now aims to integrate AllUnity’s regulated euro-backed stablecoin offering into Deutsche Börse Group’s infrastructure.
As part of the cooperation, EURAU, AllUnity’s euro-backed stablecoin, will be made available for custody via Clearstream, leveraging the German entity of Crypto Finance, also “part of Deutsche Börse Group, as sub-custodian.”
This approach ensures a regulated framework for market participants to leverage the MiCAR-compliant euro stablecoin solution.
Future steps of the cooperation will reportedly include the integration of the euro stablecoin across the service portfolio of Deutsche Börse Group.
The partnership aligns with the EU’s Markets in Crypto-Assets Regulation (MiCAR), providing a framework for integrating EURAU stablecoin within financial infrastructure.
It represents a step toward “digitizing European markets and enhancing settlement and liquidity processes.”
This collaboration unlocks opportunities for institutions and individuals to transact in euros on-chain with the “standards of regulatory compliance and operational security.”
It is another milestone for Deutsche Börse Group’s digital leadership strategy along its entire value chain and “builds on the Group’s recent announcements to collaborate with various stablecoin issuers, and its crypto business Crypto Finance as well as the latter’s collab with Clearstream, which commenced the offering of settlement and custody services in crypto assets to institutional investors earlier this year.”
It complements Deutsche Börse Group’s efforts to explore the use of wholesale central bank digital currencies (wCBDC) as part of last year’s European Central Bank (ECB) trials, which leveraged the Group’s tokenization solution D7 DLT.
AllUnity is a regulated e-money institute, building Europe’s digital payments infrastructure and issuing a fully regulated, Euro-backed stablecoin designed “to power digital asset markets and global commerce.”
Established by a consortium of partners, DWS, Flow Traders, and Galaxy, AllUnity offers payment infrastructure via its euro stablecoin, EURAU.
With institutional-grade infrastructure and real-time settlement, AllUnity bridges traditional finance and digital assets “delivering trusted, borderless payment infrastructure for Europe and global markets.”
As an exchange organization and market infrastructure provider, Deutsche Börse Group ensures that “capital markets are fair, transparent, reliable, and stable.”
With its range of products, services, and technologies, the Group organizes explains that it “efficient markets for sustainable economies.”
Its business areas cover the entire financial market transaction process chain.
This includes the provision of “indices, data, software, SaaS, and analytical solutions, as well as admission, trading, and clearing.”
Additionally, it comprises services for funds, “the settlement and custody of financial instruments, and the management of collateral and liquidity.”
As a technology company, the Group develops IT solutions and also offers IT systems worldwide.
With around 16,000 employees, the Group is headquartered in the financial center of Frankfurt/Rhine-Main and reportedly has a presence in locations including the following: Luxembourg, Prague, Cork, London, Copenhagen, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo, and Sydney.”
