Deutsche Bank’s DWS, Galaxy, and Flow Traders to Launch Germany’s First Regulated Euro Stablecoin

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2025-07-02 09:19:02

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Deutsche Bank’s asset management arm DWS, alongside Galaxy and FLOW Traders, has secured an e-money institution license from Germany’s BaFin to issue EURAU, the country’s first regulated euro-pegged stablecoin. The token will be fully collateralized and compliant with the EU’s MiCA framework, targeting institutional use cases like cross-border settlements and enterprise integrations.

The venture, AllUnity, emphasizes transparency through proof-of-reserves and regulatory reporting. EURAU enters a competitive landscape that includes Circle’s EURC and Société Générale’s EURCV, as MiCA-driven stablecoin adoption gains momentum in Europe.

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