PANews reported on October 31 that EURAU, a euro-denominated stablecoin jointly launched by Deutsche Bank and asset management company DWS, has been extended to multiple blockchain networks via Chainlink's Cross-Chain Interoperability Protocol (CCIP), including Ethereum, Arbitrum, Base, Optimism, Polygon, and Solana. Furthermore, EURAU plans to further support the Canton network, which focuses on institutional financial applications.
EURAU is a euro-denominated stablecoin compliant with the EU's Crypto Asset Markets Regulation (MiCA), fully backed by reserves, and primarily used for corporate payments, fund management, and on-chain settlements. AllUnity CEO Alexander Höptner stated that CCIP technology will enable EURAU to operate seamlessly across multiple blockchains, enhancing its reach and usability. Fernando Vazquez, Head of Banking and Capital Markets at Chainlink Labs, added that this integration lays the foundation for the next phase of tokenized finance in Europe.
AllUnity was jointly founded by Deutsche Bank and DWS, with DWS managing assets of €1.01 trillion and Deutsche Bank managing approximately $1.647 trillion. In July of this year, the project received approval from the German Federal Financial Supervisory Authority (BaFin) to officially issue the EURAU stablecoin, which complies with the MiCA framework.
